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MetLife Brings 3 MSF Industrial Park to Metro Atlanta

MetLife Brings 3 MSF Industrial Park to Metro Atlanta

A new large-scale Class A industrial distribution park called Lambert Farms Distribution Center is coming to Henry County, bringing about 1,200 full-time construction jobs to the area. MetLife, Inc.’s joint venture with Newport Beach, Calif.-based Panattoni Development Company will carry out the project. MetLife is majority partner and the privately…

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STORE Capital Acquired Advanced Control Systems Building

STORE Capital Acquired Advanced Control Systems Building

STORE Capital – an Institutional REIT, bought Advanced Control Systems Building a 49,436 square foot office/warehouse facility located in Norcross, enlisting the services of Stan Johnson Company. The transaction was worth $4.12 million and the property is leased back to Advanced Control Systems, Inc.…

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Loehmann’s Plaza to be Redeveloped and Renamed

Loehmann’s Plaza to be Redeveloped and Renamed

Loehmann’s Plaza gets a facelift and a new name soon with site works beginning in June and continuing through January 2015. The redeveloped retail facility at the corner of North Druid Hills and Briarcliff Roads in Atlanta will be called Brighten Park. Regency Centers Corporation will redevelop the property and…

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Two Norcross Communities Get $22M Bridge Loan for Renovations

Two Norcross Communities Get $22M Bridge Loan for Renovations

Centre at Peachtree Corners and Summit at Dawson obtained a $22 million bridge loan that will facilitate the exterior and interior renovation, as well as the reposition of the two residential properties into affordable Class A assets. Pembrook Capital Management LLC closed the transaction on behalf of the borrowers, Five…

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Wheeler Takes Ownership of Freeway Junction

Wheeler Takes Ownership of Freeway Junction

Freeway Junction will change hands in the near future as Wheeler Real Estate Investment Trust Inc. announced that it has assumed the contract to acquire the shopping center for $10.5 million, or $66.63 per leasable square foot.…

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Five Buildings Managed by Cushman & Wakefield in Atlanta’s Buckhead Receive LEED Certification

Five Buildings Managed by Cushman & Wakefield in Atlanta’s Buckhead Receive LEED Certification

Located in the Buckhead submarket of Atlanta at 3575 Piedmont Road NE, Piedmont Center North Buildings 1-4 and 15 have earned LEED certification under the USGBC’s Existing Buildings: Operation and Maintenance standard, according to the property manager, Cushman & Wakefield’s recent announcement.…

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Resource Real Estate-Sponsored REIT Acquires Two Atlanta Communities

Resource Real Estate-Sponsored REIT Acquires Two Atlanta Communities

Resource Real Estate recently announced that one of its investment trusts, Resource Real Estate Opportunity REIT, Inc., has picked up two residential properties. Both Berkeley Run and Berkeley Trace are located in the residential submarket along Glenridge Drive Northeast in Atlanta, less than a mile from Atlanta’s Perimeter Center.…

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Hyatt House Atlanta/Cobb Galleria is LEED Certified

Hyatt House Atlanta/Cobb Galleria is LEED Certified

Hyatt House Atlanta/Cobb Galleria in Atlanta's northwest corridor received LEED certification according to a written announcement released recently by Noble Investment Group and Hyatt Hotels and Resorts.…

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Pointe at Lenox Park Picked Up for Almost $25M

Pointe at Lenox Park Picked Up for Almost $25M

Pointe at Lenox Park, a 271-unit garden-style community in the Brookhaven submarket recently changed hands for $24.9 million. The previous local private owner sold the apartment homes to Cortland Partners.…

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Atlantic Station Gets More EV Charging Units

Atlantic Station Gets More EV Charging Units

Electric car driving tenants, employees and visitors of the Atlantic Station mixed-use community in Atlanta can breath a sigh of relief knowing they will never again have to leave the complex with a dying battery. According to a recent announcement, four new Level 2 electric-vehicle charging units have been…

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International Tech Group Subsidiary Consolidates Operations at 5405 Windward Parkway

International Tech Group Subsidiary Consolidates Operations at 5405 Windward Parkway

Andritz Inc., a U.S. subsidiary of the Andritz Group moves to 5405 Windward Parkway. The company has recently signed a long-term lease for 40,000 square feet. To the he landlord, Highwoods Properties, Inc.’s relief the building has reached almost complete occupancy.…

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Berkley Specialty Underwriting Managers Consolidates Operations at Ravinia

Berkley Specialty Underwriting Managers Consolidates Operations at Ravinia

Berkley Specialty Underwriting Managers has recently signed a long-term office space lease in Atlanta’s Central Perimeter submarket at Two Ravinia Drive. The property is part of the 42-acre Ravinia complex which consists of three Class A towers and a 500-room Crowne Plaza Hotel.…

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