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Atlanta & Southeast  |  February 26, 2020
David Cohen
By: David Cohen

Riverfront Development Site in Duluth Trades for $20M

Marcus & Millichap has brokered the $20 million sale of the Chattahoochee Riverfront Property, a 148-acre development site in Duluth. The site includes 100 acres of developable land bordering the Chattahoochee river.

Jenny Wesselmann and Michael Wesselmann of Marcus & Millichap’s Atlanta office represented the undisclosed seller in the transaction. Bob Johnson, Paul Johnson and William Bumgarner of Marcus & Millichap represented the undisclosed buyer in the sale.

“The acquisition gives the buyer an opportunity to masterplan a large tract of land in one of the state’s fastest-growing areas,” said Jenny Wesselmann. “Duluth’s population grew 25% from 2000 to 2014, and it is estimated that the population will increase an additional 36% through 2035.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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