HFF, CushWake Arrange Debt for Ardent’s Piedmont Center 14

HFF and Cushman & Wakefield have arranged $284 million in financing for the acquisition of Piedmont Center 14 and recapitalization of the borrower’s existing holdings within the Piedmont Center office park in Atlanta’s Buckhead submarket. The HFF and Cushman & Wakefield teams worked on behalf of the borrower, the Ardent Companies, to secure the floating-rate

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Norfolk Southern Breaks Ground on new Atlanta Corporate HQ

Norfolk Southern was joined by Georgia state and city leaders at a groundbreaking ceremony to launch construction of its new 750,000-square-foot corporate headquarters building in Atlanta. Norfolk Southern engaged Atlanta-based Cousins Properties to oversee construction of the complex. Cousins Properties’ Colin Connolly says, “We share their Norfolk Southern’s vision in creating an iconic project that

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Trammell Crow, Clarion Claim 110 Acres, Plan Atlanta Build-to-Suit

Trammell Crow Company (TCC) and joint venture partner, Clarion Partners, LLC, acquired more than 109 acres for the third phase of Jefferson Mill Business Park in metro Atlanta. The acquisition represents an assemblage of seven different properties held by seven distinct owners. The developers are planning Phase III as a build-to-suit, cross-dock distribution facility that

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Walker & Dunlop Completes Pair of Atlanta MF Deals for $133M

A pair of multifamily properties located in Atlanta traded hands for a combined total of nearly $133 million. Charleston, SC-based Blaze Partners acquired the assets, Stadium Walk and Overlook at Huntcrest (pictured), from Atlanta-based Brand Properties. Walker & Dunlop, Inc.’s Kris Mikkelsen and Chris Goldsmith represented the seller. Walker & Dunlop’s multifamily finance and capital markets team, led by Stephen West, Matthew Wallach and Justin

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TruAmerica-Led JV Acquires Pair of ATL MFs for $127M

TruAmerica Multifamily, in partnership with Tokyu Land US Corporation, made its first investments in Georgia, acquiring two Atlanta apartment communities in separate transactions totaling $127.35 million. The properties include: – Vinings Corner, a 360-unit community located at 2101 Paces Ferry Road SE in Smyrna – The Prato at Midtown, a 342-unit Class B property located at 400

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Q&A: What Factors Steer Own-Versus-Lease Decisions Today?

It’s an age-old question—to lease or to own—because the right answer can depend on many different factors. Connect Media spoke with Alan Joel, CCIM, Principal at Joel & Granot Real Estate/CORFAC International, Atlanta, who has closed more than 100 owner user sales in his career, to discuss some of the issues in the current environment.

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750K-SF of Office Planned at $900M Revel MXU in Atlanta

Cincinnati-based North American Properties plans 750,000 square feet of office space at Revel, its $900-million entertainment-focused mixed-use destination anchored by Infinite Energy Center in Atlanta’s northeast suburbs. Construction on the first office is slated to begin in Q3 2019, and is expected to deliver in 3Q 2020. CBRE’s Heather Lamb, Bryan Heller, Peter McGuone and

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Duke Developing 194K-SF BTS for Schilli in Savannah

Duke Realty Corporation executed a long-term lease agreement for a 194,120-square-foot, build-to-suit warehouse in Savannah, GA with Schilli Distribution Services, a logistics services provider specializing in flatbed and open-deck transportation. The building is being built on a 12.11-acre, rail-accessible parcel at 276 Jimmy Deloach Parkway. Duke Realty’s Chris Brown notes the custom-designed, state-of-the-art facility “will

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Barings Delivers $100M Construction Loan for Atlanta Creative Office Development

The Allen Morris Company secured a $100 million construction loan for the development of Star Metals Offices, a 14-story, roughly 267,237-square-foot creative office building in Atlanta. The West Midtown submarket project also includes nearly 40,000 square feet of retail space. HFF’s Geoff Goldstein, Gregg Shapiro and Matt Casey placed the floating-rate construction loan with Barings

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