Atlanta and Southeast Commercial Real Estate News

Pilot Travel Center in Birmingham Drives a $9M Sale-Leaseback

Atlanta & Southeast + Southeast + Retail | November 30, 2021

Westmount-owned industrial facility in Norcross, GA

Westmount Acquires 12-Building, 264K-SF Industrial Portfolio in Atlanta

Atlanta & Southeast + Atlanta Metro + Industrial | November 29, 2021

INDUS Closes on Charleston Industrial Building with $29M in Cash

Atlanta & Southeast + Southeast + Industrial | November 30, 2021

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Latest Atlanta Metro Stories

Westmount Acquires 12-Building, 264K-SF Industrial Portfolio in Atlanta

Atlanta & Southeast + Atlanta Metro + Industrial | November 29, 2021

Westmount Realty Capital, LLC, has purchased a 12-building, 264,029-square-foot infill industrial portfolio in the Atlanta surrounds of Norcross, GA. Financials were not disclosed. The acquisition consists of a three-building, 86,470 square-foot portfolio that is fully leased; an eight-building, grade-level flex portfolio that is 90% leased; and one free-standing building in Stone Mountain/Tucker. “Twenty-one percent of …

Fairway View Apartments in Lawrenceville, GA

Suburban Atlanta Multifamily Earns 192% Total Return for Investors

Atlanta & Southeast + Atlanta Metro + Apartments | November 24, 2021

Capital Square 1031 has sold the Fairway View Apartments, a 243-unit multifamily community adjacent to the former Northwood Country Club golf course in Lawrenceville, GA, for $45.75 million. The property was owned by a group of DST investors who realized 191.72% total return, or a 22.43% annualized return, from their 1031 exchange investment. The community is …

Latest Southeast Stories

Pilot Travel Center in Birmingham Drives a $9M Sale-Leaseback

Atlanta & Southeast + Southeast + Retail | November 30, 2021

Stan Johnson Company has completed the sale-leaseback of a Pilot Travel Center on Bankhead Highway West in Birmingham, AL. The 9,790-square-foot convenience store sold for approximately $9.4 million reflecting a 7.0 percent cap rate. Matt Lipson and Mike Philbin of Stan Johnson Company represented the buyer, Brodersen Management Corporation. The seller was Acworth, GA-based Mountain …

INDUS Closes on Charleston Industrial Building with $29M in Cash

Atlanta & Southeast + Southeast + Industrial | November 30, 2021

INDUS Realty Trust, Inc., has completed the acquisition of a 197,000-square -oot industrial/logistics building in Charleston, SC. The property, which is 57% leased, is the company’s first property in the Charleston market. Indus used cash on hand to pay the $28.6 million purchase price, before transaction costs, and the company expects the property to stabilize …

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