Atlanta & Southeast

Sagard Real Estate acquired 5070 Phillip Lee Drive SW, a 400,800-square-foot industrial property in Atlanta’s Fulton Industrial submarket. SkyREM was the seller.  The investment was made on behalf of Sagard Real Estate’s open-end core-plus real estate fund (the “Fund”). The property comprises four contiguous warehouse buildings across 15.5 acres along the Fulton Industrial Boulevard corridor. Located approximately …

Insignia plans to spend over $10 million to revamp a large office complex in Vinings that was formerly Home Depot’s headquarters. The property at 2727 Paces Ferry has approximately 640,000 square feet of office space. It has two 18-story towers. The Atlanta Business Chronicle reports that Insignia paid just $21.75 million for the property, having …

Since soccer tourists started arriving in the US from countries with World Cup teams, Buc-ee’s has become a social media phenomenon. What used to be a quaint regional novelty has become an international symbol of America’s uniqueness. The stores pack much more into their building footprint than convenience goods and gas pumps. They are typically larger …

.  JPMorgan Chase & Co. is consolidating its workforce into a new space at Broadwest, a 600,000-square-foot mixed-use project in Nashville.  The Nashville Business Journal reports that the 51,000-square-foot space will include a new client center with twice the capacity of its current space, flexible workspaces, access to on-site amenities, and capacity for up to …

Liquid Capital Real Estate Investment basically transferred ownership of a Midtown Atlanta apartment complex to Audubon Capital. Audubon picked up the remaining unpaid balance on the loan. The Crest at Midtown property was sold outright rather than a foreclosure. The Atlanta Business Chronicle reported the Liquid Capital affiliates acquired Crest at Midtown for $85.2 million …

ORIX Corporation USA purchased The Kendrick, a 423-unit multifamily property, for $87.5 million. Built in 1998, the garden-style multifamily community is located in Atlanta’s Buckhead neighborhood, near major employment, retail and entertainment centers. The business plan includes capital improvements to modernize units and common areas. It was part of a three multifamily portfolio totaling 1,029 …

The Georgia Department of Economic Development (GDEcD) announced that five industrial sites across Georgia have earned a new certification that makes them particularly attractive for future industrial development: “Georgia Ready for Accelerated Development” (GRAD) certification with “Select” status.  Georgia Department of Economic Development Commissioner Pat Wilson added, “Site preparation reflects thoughtful planning and investments by …

Manova Partners acquired Spartanburg 221, a 1,020,195-square-foot Class A+ logistics facility at 2536 Chesnee Highway in Spartanburg, S.C.  The facility, completed in 2024, is 100% leased on a long-term, NNN basis to a single tenant, and the lease is backed by a guarantee from AA corporate credit. ESFM (Compass Group USA), which provides integrated facilities management and …

Flagship Healthcare Properties spent $51 million on a Class A, 100% leased medical outpatient building (MOB) and ambulatory surgery center (ASC) in Hickory, North Carolina. The transaction represents the largest single-asset acquisition by purchase price in the history of Flagship Healthcare Trust, the company’s private REIT. The property is anchored by Graystone Eye. Hickory is about 60 …

Pickering & Co. Real Estate has offloaded The Bridge of Cabarrus, a 144-unit project the company built in Kannapolis in 2021. ESJ Capital Partners paid $29.5 millon for the apartment complex. The Atlanta Business Chronicle reports Pearlmark provided $19.9 million in financing for the acquisition. Brian Gaswirth, Brad Woolard and Luke Maganas of JLL Capital …

An affiliate of LBX Investments bought a retail and office development in West Nashville. The development has about 95,000 square feet of space. The Nashville Business Journal reports the company paid $37.5 million for the Stateline in The Nations. Vintage South was the seller in the recent transaction. The firm bought the 3.42-acre property for $6.5 million …

GBT Realty Corporation (GBT Realty) unveiled its plans for The Crossroads of Gallatin, a nearly 300,000-square-foot retail development that will bring new shopping, dining and service amenities to Gallatin, Tenn., approximately 30 miles northeast of Nashville.  GBT adds that when complete, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville …