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May 29, 2024

EQT Exeter Buys Suburban Atlanta Flex Office Park, Plans Warehouse Conversion

Georgia Department Of Transportation's Marlo Clowers Provides An Update On The I-285/SR 400 Interchange Project

A global real estate investor is looking to add more value to a Gwinnett County flex office project by adding more industrial space.

EQT Exeter Buys Suburban Atlanta Flex Office Park, Plans Warehouse Conversion

EQT Exeter purchased Satellite Place, a four-building, 289K SF flex office and industrial complex, from Satellite Place Property LLC for $36.25M in an all-cash transaction, Bisnow has learned.Newmark Senior Managing Director Casey Keitchen brokered the transaction.Tenants in…

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Invesco Betting On Office Comeback By Seeing 'How Much We Can Extract' From REITs

Invesco Betting On Office Comeback By Seeing 'How Much We Can Extract' From REITs

A $1.6T investment management giant is looking to buy into the office market as owners with maturing, lower-interest loans struggle to pay them off.Invesco is planning to inject capital into office properties, specifically in REITs, and is seeking more aggressive returns by offering double-digit annual interest rates, stronger covenants on high-yield…

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Developer Plans 144 Apartments Over Retail In Castleberry Hill

Developer Plans 144 Apartments Over Retail In Castleberry Hill  

A local developer is looking to rezone nearly an acre in the Castleberry Hill neighborhood to make way for a 10-story apartment tower.

Chaz Lazarian, managing director of developer Insignia LLC, filed an application with the City of Atlanta to rezone 523 Whitehall St. from industrial to mixed-use to allow for a 151-unit apartment building with street-level retail.  Lazarian said he assembled three contiguous parcels along Whitehall Street, most of which are undeveloped except…

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This Week's Atlanta Deal Sheet: Atlanta Firm Planning 1.2M SF Data Center

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…

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