Author: cre101_93oscz

S2 Capital Lands 618-Unit Atlanta Rental Asset

S2 Capital acquired ‘The Landing at Pleasantdale’, a 618 garden-style apartment community. 72 buildings make up the gated community that’s on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast Atlanta suburb.

S2’s Scott Everett further explains the deal, “Data suggests an inversion of the supply-demand imbalance, leading to significant positive absorption for Atlanta in conjunction with the first positive YoY occupancy gain in Q3 24 since Q1 22. Additionally, current effective rents sit $280 below comparable market properties, having witnessed a -12% drop in rents onsite YoY while surrounding comps have increased +1%, giving S2 conviction in their ability to execute their value-add business plan and deliver a superior living experience to tenants.”

S2 plans to renovate 90% of the units to compete with comparable renovated properties in the submarket.

The post S2 Capital Lands 618-Unit Atlanta Rental Asset appeared first on Connect CRE.

​  S2 Capital acquired ‘The Landing at Pleasantdale’, a 618 garden-style apartment community. 72 buildings make up the gated community that’s on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast Atlanta suburb. S2’s Scott Everett further explains the deal, “Data suggests an inversion of the …
The post S2 Capital Lands 618-Unit Atlanta Rental Asset appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

S2 Capital acquired ‘The Landing at Pleasantdale’, a 618 garden-style apartment community. 72 buildings make up the gated community that’s on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast Atlanta suburb. S2’s Scott Everett further explains the deal, “Data suggests an inversion of the …
The post S2 Capital Lands 618-Unit Atlanta Rental Asset appeared first on Connect CRE.

GSU Revamping Downtown Campus

Georgia State University will soon begin a transformational project. Most of the $107 million needed for the project will come from an $80 million gift from the Robert W. Woodruff Foundation.

Development of the Hurt Park area includes removal of Georgia State’s Sparks Hall to integrate the existing campus Greenway into a district that crosses Gilmer Street and connects to Hurt Park. The Greenway will include an elevated plaza, enhanced walkways and a vegetated buffer along Courtland Street.

On the north end of Hurt Park, the 100 Edgewood building will get a dining area and gathering space. Renovations to the first four floors of the building will provide up-to-date classroom space and interconnecting stairways.

The Arts and Humanities Building, overlooking the newly activated outdoor hub, will get a new, more contemporary façade.

At Woodruff Park, new sidewalks, a realigned streetcar platform, façade improvements to the 25 Park Place building and plaza, and other pedestrian-oriented features will provide a connection to Broad Street and the Aderhold Learning Center.

The post GSU Revamping Downtown Campus appeared first on Connect CRE.

​  Georgia State University will soon begin a transformational project. Most of the $107 million needed for the project will come from an $80 million gift from the Robert W. Woodruff Foundation. Development of the Hurt Park area includes removal of Georgia State’s Sparks Hall to integrate the existing campus Greenway into a district that crosses Gilmer …
The post GSU Revamping Downtown Campus appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

Georgia State University will soon begin a transformational project. Most of the $107 million needed for the project will come from an $80 million gift from the Robert W. Woodruff Foundation. Development of the Hurt Park area includes removal of Georgia State’s Sparks Hall to integrate the existing campus Greenway into a district that crosses Gilmer …
The post GSU Revamping Downtown Campus appeared first on Connect CRE.

Sprouts-Anchored Retail Center, Apartments Set for Nashville Area

GBT Realty Corporation and Robinson Properties are teaming up on a new retail and multifamily development in Mount Juliet, Tenn., approximately 20 miles east of Nashville. Construction of the retail space is expected to begin this month and be completed in October 2025. A timeline and details of the residential development, to be developed by Robinson Properties, will be announced later.

Everett Downs is situated on a 10.9-acre site at the corner of Division St. and Mt. Juliet Rd. near I-40. The retail component, helmed by GBT Realty, will comprise a 41,255-square-foot neighborhood center. It features a 23,256-square-foot Sprouts Farmers Market, 18,000 square feet of small shop space and two out parcels. An additional 10,200 square feet and one out parcel remain available for restaurants, fitness services and soft goods retailers. This shopping center marks the 12th Sprouts-anchored property developed by GBT. 

The post Sprouts-Anchored Retail Center, Apartments Set for Nashville Area appeared first on Connect CRE.

​  GBT Realty Corporation and Robinson Properties are teaming up on a new retail and multifamily development in Mount Juliet, Tenn., approximately 20 miles east of Nashville. Construction of the retail space is expected to begin this month and be completed in October 2025. A timeline and details of the residential development, to be developed by …
The post Sprouts-Anchored Retail Center, Apartments Set for Nashville Area appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

GBT Realty Corporation and Robinson Properties are teaming up on a new retail and multifamily development in Mount Juliet, Tenn., approximately 20 miles east of Nashville. Construction of the retail space is expected to begin this month and be completed in October 2025. A timeline and details of the residential development, to be developed by …
The post Sprouts-Anchored Retail Center, Apartments Set for Nashville Area appeared first on Connect CRE.

AW Spends $55.2M on 9-Property NC Medical Portfolio

AW Properties obtained $55.2 million in financing for a nine-property medical portfolio totaling 297,500 square feet in Burlington, Durham and Greensboro, North Carolina. The loan proceeds were used to acquire the portfolio.

JLL placed the 10-year, fixed-rate loan with a life company. Travis Anderson and Anthony Sardo led the JLL Capital Markets Debt Advisory team, representing the borrower.

With an average vintage of 2006, the portfolio is 99% leased to leading healthcare systems and dominant independent physician practices, with credit tenants representing 73% of in-place income. All of the properties are located on or adjacent to hospital campuses in Burlington, Durham and Greensboro markets.

The portfolio includes Cone Health Neurology Clinic, 2001 North Church Street, Wesley Long MOB in Greensboro, Alamance Eye Center in Burlington, UNC Family Medicine Center, and Duke Medical Center in Durham.

The post AW Spends $55.2M on 9-Property NC Medical Portfolio appeared first on Connect CRE.

​  AW Properties obtained $55.2 million in financing for a nine-property medical portfolio totaling 297,500 square feet in Burlington, Durham and Greensboro, North Carolina. The loan proceeds were used to acquire the portfolio. JLL placed the 10-year, fixed-rate loan with a life company. Travis Anderson and Anthony Sardo led the JLL Capital Markets Debt Advisory team, …
The post AW Spends $55.2M on 9-Property NC Medical Portfolio appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

AW Properties obtained $55.2 million in financing for a nine-property medical portfolio totaling 297,500 square feet in Burlington, Durham and Greensboro, North Carolina. The loan proceeds were used to acquire the portfolio. JLL placed the 10-year, fixed-rate loan with a life company. Travis Anderson and Anthony Sardo led the JLL Capital Markets Debt Advisory team, …
The post AW Spends $55.2M on 9-Property NC Medical Portfolio appeared first on Connect CRE.

Investor Fund to Focus on Sunbelt Self-Storage Deals

Madison Capital Group launched the Go Store It Opportunity Fund, LP, a $250 million self-storage investment initiative aimed at acquiring and developing a diversified portfolio across high-growth Sun Belt markets, concentrating on Florida, North Carolina and Georgia.

The Go Store It Opportunity Fund, LP encompasses a strategy that value-add acquisitions of under-managed, locally owned facilities with below-market rents, create potential for rental growth and operational improvements. The fund will also pursue pre-stabilized acquisitions, enabling it to acquire properties at a discount, with valuations nearing replacement cost and potential for improved cap rates as the properties stabilize. Additionally, the fund will target stabilized assets with strong occupancy rates, providing incremental growth in high-demand areas.

The fund also integrates a development component to construct high-quality storage facilities in select markets with favorable supply-demand dynamics. By strategically building in suburban, urban fringe, and urban core areas, the fund aims to meet diverse storage needs across communities in the Sun Belt.

The post Investor Fund to Focus on Sunbelt Self-Storage Deals appeared first on Connect CRE.

​  Madison Capital Group launched the Go Store It Opportunity Fund, LP, a $250 million self-storage investment initiative aimed at acquiring and developing a diversified portfolio across high-growth Sun Belt markets, concentrating on Florida, North Carolina and Georgia. The Go Store It Opportunity Fund, LP encompasses a strategy that value-add acquisitions of under-managed, locally owned facilities …
The post Investor Fund to Focus on Sunbelt Self-Storage Deals appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

Madison Capital Group launched the Go Store It Opportunity Fund, LP, a $250 million self-storage investment initiative aimed at acquiring and developing a diversified portfolio across high-growth Sun Belt markets, concentrating on Florida, North Carolina and Georgia. The Go Store It Opportunity Fund, LP encompasses a strategy that value-add acquisitions of under-managed, locally owned facilities …
The post Investor Fund to Focus on Sunbelt Self-Storage Deals appeared first on Connect CRE.

Fallon Company Breaks Ground on $100M Charlotte Apartments

The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte.  The Fallon Co. paid $7 million for the site in December 2022.

Axiom Architecture is the project architect and designer. Edifice Construction is the general contractor, and Santander Bank provided project financing.

The 7-story development will feature:

• 1, 2, and 3-bedroom units
• Co-working lounge with video conferencing rooms
• Saltwater pool
• Onsite pet spa and dog park
• Fitness center with private yoga studio
• Outdoor grill stations and pizza oven
• Garden courtyard with activity lawn and fireside lounge
• Resident social lounge and game room
• Golf Simulator room
• Outdoor gaming lawn with bistro lighting

The Colwick, which is expected to deliver in late 2026, will be the first large-scale rental building in Cotswold in decades.

The post Fallon Company Breaks Ground on $100M Charlotte Apartments appeared first on Connect CRE.

​  The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte.  The Fallon Co. paid $7 million for the site in December 2022. Axiom Architecture is the project architect and designer. Edifice Construction is the general contractor, and Santander Bank provided project financing. The 7-story development …
The post Fallon Company Breaks Ground on $100M Charlotte Apartments appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte.  The Fallon Co. paid $7 million for the site in December 2022. Axiom Architecture is the project architect and designer. Edifice Construction is the general contractor, and Santander Bank provided project financing. The 7-story development …
The post Fallon Company Breaks Ground on $100M Charlotte Apartments appeared first on Connect CRE.

Development, climate change increase Atlanta’s flooding risk despite decades of work

Ideas on how to solve the problem include stormwater fees for landowners, performance incentives for developers as well as special storage tunnels and detention basins.

​  Ideas on how to solve the problem include stormwater fees for landowners, performance incentives for developers as well as special storage tunnels and detention basins. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)

Ideas on how to solve the problem include stormwater fees for landowners, performance incentives for developers as well as special storage tunnels and detention basins.

Vanderbilt Pays $66.9M for Downtown Nashville Parcels

Vanderbilt University is buying up land in downtown Nashville to expand its footprint in the region. The university paid $66.9 million for a retail center on the town’s West End. The seller was Park Place Retail Partners. They paid $5.67 million for the four-parcel site in 2005.

The 3.23-acre property is anchored by the Park Place shopping center, which offers multiple restaurants, shops and office space in addition to Chipotle and Ted’s Montana Grill. The nearly 60,000-square-foot shopping center was constructed in 1985.

Vanderbilt will lease back the properties to the sellers.

The Nashville Business Journal reports the purchase is the latest addition to the university’s fast-growing Midtown portfolio.Vanderbilt has been buying up Midtown land for the last few years as it plans for the evolution of its campus in coming years, according to a previous statement. The latest purchase racks up the university’s land transaction volume to more than $260 million since 2019.

The post Vanderbilt Pays $66.9M for Downtown Nashville Parcels appeared first on Connect CRE.

​  Vanderbilt University is buying up land in downtown Nashville to expand its footprint in the region. The university paid $66.9 million for a retail center on the town’s West End. The seller was Park Place Retail Partners. They paid $5.67 million for the four-parcel site in 2005. The 3.23-acre property is anchored by the Park …
The post Vanderbilt Pays $66.9M for Downtown Nashville Parcels appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

Vanderbilt University is buying up land in downtown Nashville to expand its footprint in the region. The university paid $66.9 million for a retail center on the town’s West End. The seller was Park Place Retail Partners. They paid $5.67 million for the four-parcel site in 2005. The 3.23-acre property is anchored by the Park …
The post Vanderbilt Pays $66.9M for Downtown Nashville Parcels appeared first on Connect CRE.

Investor Building Two, Improving One Atlanta Mixed-Income Housing Project

Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build.

Two new residential developments will rise in Southwest Atlanta’s Greenbriar neighborhood.

The Atlanta Business Journal reports the Flats at Stone Hogan is slated to feature 256 affordable housing units available to households earning less than the area median income. The adjacent Villas at Stone Hogan development would comprise 192 affordable units reserved for lower-income renters aged 55 and older. Zimmerman Properties is in line to deliver both communities. The projects would cost approximately $100 million and $70 million to develop, respectively.

Additionally, Advantage Capital’s investment will help fund the roughly $20 million revitalization of Applewood Towers.

Applewood Towers redevelopment should be completed by the end of 2025. The two new-construction developments lining Stone Hogan Connector Road are expected to wrap in mid-2027.

The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE.

​  Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build. Two new residential developments will rise …
The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build. Two new residential developments will rise …
The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE.

Snellville’s The Grove is near completion, transforming the suburban downtown into a modern, walkable district

Snellville’s downtown revival is emblematic of suburbs across the country.

​  Snellville’s downtown revival is emblematic of suburbs across the country. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)

Snellville’s downtown revival is emblematic of suburbs across the country.