This Week's Atlanta Deal Sheet: Korean Hot Pot Concept Signs At Interlock
A high-end Korean hot pot restaurant with a location at The Venetian in Las Vegas and restaurants in Los Angeles and Chicago is making its Atlanta debut at the second phase of The Interlock in West Midtown.
The X Pot has leased 16K SF at the second phase of Interlock and is expected to open next year. The upscale hot pot concept, which serves Wagyu beef imported from Japan, also offers live entertainment, including a noodle dance that creates hand-pulled noodles.
SRS Real Estate Partners associate Mylinh Cao and Senior Vice President Steve Gunning represented X Pot in the lease. Interlock developer SJC Ventures was represented in-house by Senior Vice President Justin Latone. The SRS duo also represented Pinky Promise Champagne Bar, which also is leasing space in Interlock’s second phase.
The $750M Interlock mixed-use project off Northside Drive and Howell Mill Road is already home to 200K SF of office, 105K SF of retail, 349 apartment units and the 161-room Bellyard hotel. The second phase, now under construction, will be anchored by a 42,500 SF Publix Super Markets store, an additional 186K SF of office, 40K SF of retail and a student housing project.
DEVELOPMENT
Alliance Residential Co. plans to develop a 280-unit apartment complex called Prose 5420 in Norcross. The property, located at 5420 Buford Highway, will be marketed as Class-A apartments at attainable rents and will feature a saltwater swimming pool, a fitness and business center and an entertainment kitchen.
SALES
Blaze Capital Partners has purchased 251 North, a 192-unit garden-style apartment project encompassing nine buildings in Midtown for an undisclosed sum. According to Fulton County records, the previous owner was listed to an entity controlled by Florida-based Taurus Investment Holdings and was assessed at a fair market value of $32.9M.
PERSONNEL
Kate Kilgore has been named as the managing director and head of asset management for MDH Partners in Atlanta, tasked with overseeing the firm’s 31.5M SF portfolio across 33 markets. Before MDH, Kilgore was a principal with Ares Real Estate and a senior vice president for Black Creek Group, where she oversaw asset management for the Southeast.
LEASES
Covenant Logistics Group leased 401K SF at Gillem Logistics Center in Forest Park. The third-party logistics firm from Chattanooga is occupying a portion of the 1100 building, which totals 910K SF and is owned by TA Realty.
Lee & Associates executive vice presidents Rick Tumlin and Kurt Unger, as well as Chicago-area President John Sharpe represented the tenant.
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Wheels Up Experience Inc., a private jet charter service, has leased 35,500 SF at 2135 American Industrial Way in Chamblee. Cushman & Wakefield Executive Managing Director Aileen Almassy and Managing Director Andy Sumlin represented the landlords, Seven Oaks Co. and Packard Capital. Savills Vice Chairmen Bo Keatley, David Rubenstein and John Flack represented Wheels Up.
