This Week's Atlanta Deal Sheet: Atlanta Firm Planning 1.2M SF Data Center
An Atlanta development and brokerage firm is planning a 60-acre data center campus 22 miles south of Downtown Atlanta.
Bohannon Road Ventures LLC filed an application with the Georgia Department of Community Affairs to make way for a three-building, 1.2M SF data center project at 8125 Bohannon Drive in Fairburn called Fairburn Technology Center.
The LLC is registered with law firm Troutman Pepper Strategies, but according to state documents, the entity is owned by Atlanta-based Strategic Real Estate Partners. The industrial developer built and sold a number of warehouse projects in Metro Atlanta, including Interstate West Logistics Center in Lithia Springs, Azalea Pointe Distribution Center in Buford and South Fulton Commerce Center in Atlanta, according to its website. An official with the firm declined to comment.
The tract at 8125 Bohannon Drive is a wooded residential lot held by a handful of owners, according to the application, but is near major distribution centers for Samsung Electronics America, SC Johnson & Sons and Exel Logistics.
Since 2023, Metro Atlanta has risen to become the fastest-growing data center market in the country, with numerous projects in the pipeline from Microsoft, Vantage, QTS and DC Blox. But there’s been mounting concern about the growth of the data center industry in Georgia, especially about their power consumption. Earlier this year, state lawmakers passed a bill that would have killed tax incentives for data center developers. Georgia Gov. Brian Kemp vetoed the bill and extended the program into 2033.
The developer of Fairburn Technology Center expects to complete the project by 2028, according to the application.
DEVELOPMENT
An 11K SF retail center with a convenience store, restaurants and gas pumps is in the works in Fayette County. Samin Property applied with the Fayette County government to develop the retail facility at the junction of Joel Cowan Parkway and Highway 85 just outside of Peachtree City, What Now Atlanta reported.
Samin’s Samirali Sayani told the real estate news site that no tenants have signed onto the project yet.
SALES
A Blackstone subsidiary sold an eight-building, 264K SF industrial park off Jimmy Carter Boulevard and Interstate 85 in Gwinnett County to Richland Capital Holdings purchased Regency Center. The seller is listed in property records as Breit SE Industrial Propco GA, an LLC tied to Blackstone's Link Logistics industrial arm. Link purchased the park in 2018 for $9.6M, according to records.
The center is 91% occupied by 31 separate tenants. JLL's Matt Wirth, Jim Freeman, Dennis Mitchell and Britton Burdette brokered the sale.
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Residential mental health treatment practice Skyland Trail purchased the Hampton Inn Atlanta-North Druid Hills from AD1 Global for an undisclosed sum. The 111-room hotel was purchased by AD1 in 2018 for nearly $13M, according to DeKalb County records.
The hotel has ceased operations and Skyland Trail plans to use it for a “campus expansion,” CEO Beth Finnerty said in a press release.
Hunter Hotel Advisors CEO Teague Hunter and Senior Vice Presidents Jatin Patel and Shamir Patel brokered the sale.
The Employees’ Retirement System of Georgia and the Teachers Retirement System of Georgia purchased a former strip club and plan to use the site and others they own nearby to develop a new headquarters.
The pension funds bought 1715 Northside Drive for $15M from the TPA Group, CoStar reported. The 5K SF retail structure on the site was previously occupied by the adult nightclub Diamond Club, which closed in April.
PERSONNEL
Austin Chase, Robert Pavese, Joe Crawford, Sarah Beckom Stevens and Kathy Long have all joined the new Atlanta office of Trinity Partners after Trinity purchased the leasing and management division of Atlanta Property Group.
The new office will manage APG’s 19-building, 5M SF portfolio, including the Palisades in Central Perimeter and the Stockyards adaptive reuse in West Midtown. Chase and Pavese will head Trinity’s Atlanta office.
