This Week's Atlanta Deal Sheet: Portman Jumps Into Student Housing With New Hire
Portman Holdings has hired an executive who steered the largest on-campus housing development in the history of the University of South Carolina as it looks to grow its student housing development capabilities.
Portman hired Rodney King as senior vice president to lead a new effort for student housing development across the U.S., the company announced. King, who has 17 years of commercial real estate experience in higher education, most recently was vice president of development with Greystar, where he oversaw the $240M, 1,800-bed Campus Village project in South Carolina that delivered in August.
Prior to Greystar, King was with Core Spaces, taking the lead on both the student housing project ōLiv Auburn at Auburn University and The Hub at Georgia Tech. Portman didn't announce any specific student housing projects in its pipeline.
PERSONNEL
General contracting firm Swinerton promoted four local employees: Parker Schoening to project executive, Roya Vermillion to preconstruction executive, Eddy Einem to senior project manager and division aviation market leader and Brandon Tessier to senior project manager.
DEVELOPMENT
AEW and Stream Realty Partners have delivered Union City Logistics Center, a speculative, 360K SF distribution center at 4811 Flat Shoals Road in southwest Fulton County. Stream vice presidents Scott Jones and Nick Peacher are leasing the facility.
Stream and AEW also are developing Adairsville Logistics Center, a two-building 768K SF warehouse campus in Adairsville.
SALES
Ontario-based Emma Capital Properties purchased Lancaster Ridge Apartments, a 145-unit, garden-style apartment complex in Canton, from Capstone Cos. for $26.1M. Capstone managing directors Eric Liebich, Jake Reid and Chad DeFoor and partner Ron Corrao arranged the deal.
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United Properties Corp., under the moniker Acworth Properties LLC, purchased Acworth Crossing Shopping Center, a 121K SF strip center at 3335 Cobb Parkway, for $15M from a Dunwoody-based entity titled Monarch at Acworth Crossing LLC. Tenants at the property include Crunch Fitness, PetSmart, Popshelf and Dollar Tree.
Tobin Real Estate Senior Vice President Louie Granteed brokered the sale.
LEASES
Plateau Excavation inked a 27K SF lease at Barrett Summit, a three-building office complex off Vaughn Road in Kennesaw. Lincoln Property Company Southeast vice presidents Matt Fergus and Seabie Hickson represented the landlord, Tioga Capital. NAI Brannen Goddard Managing Director David Dixon represented the tenant.
