SunTrust Investing $300M in Atlanta Over Next Three Years

SunTrust Banks Inc. announced that it will invest $100 million per year for the next three years in the Atlanta community. The investment will be made through a range of community and non-profit organizations. The mix of programs and grants supporting the initiative will vary each year. It will include a combination of community development

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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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Farallon Capital Acquires Atlanta Office Property for $120M

San Francisco-based Farallon Capital Management acquired Paces West, a 646,471-square-foot office property in the Cumberland/Galleria submarket of Atlanta, as part of a joint venture with Crocker Partners for reportedly $120 million. Located at 2727 Paces Ferry Rd., the property was formerly the corporate headquarters for The Home Depot and is currently 93% leased to a

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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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Invesco to Expand Global HQ in Atlanta, Anchor Midtown Office Tower

Global investment company Invesco announced plans to move its headquarters to the future Midtown Union development in Midtown, Atlanta. Invesco will anchor the 26-story, 606,000-square-foot office tower, which will be located at the intersection of 17th and Peachtree streets. The office tower is the first phase in the Cooper Carry-designed multi-phase project, which is being

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Simon, Nobu Launch Atlanta MXU Hotel, Restaurant Destination

Simon Property Group and Nobu Hospitality broke ground on Phipps Plaza’s mixed-use redevelopment in Atlanta that will be headlined by the arrival of Nobu Hotel and Restaurant Atlanta, along with a 90,000-square-foot Life Time healthy living and entertainment destination and a curated dining experience. Plans also include One Phipps Plaza, a 13-story, 350,000-square-foot Class A office building. Simon’s David

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Next Phase of Logistics Park Underway in Atlanta

CT Realty and its affiliates launched development on two large-scale distribution buildings totaling 1,747,074 square feet at Palmetto Logistics Park, a 358-acre distribution facility in greater Atlanta. The development follows the completion of the first phase in late 2018, a more than one-million-square-foot building medical device manufacturer Drive DeVilbiss Healthcare claimed shortly after completion. CT’s

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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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Broadstone Yards Welcomes First Residents to Westside Atlanta MF

Phoenix-based Alliance Residential Company began welcoming the first residents to Broadstone Yards, an art-centered multifamily development in Atlanta’s West Midtown district. The property is comprised of three mid-rise buildings, with 251 luxury studio, one and two-bedroom units at 1084 Howell Mill Rd NW. Alliance Residential Company’s Kim Bucklew says, “Renters are prioritizing experiences and location

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