Atlanta’s Real Estate and Development Scene Sees Major Changes
Atlanta — The real estate and development landscape in and around Atlanta is bustling with activity. Here’s a rundown of significant developments, staff changes, sales, and new projects.
Personnel Changes and Appointments
Artisan Land Cos. has made a notable move by appointing Scott Jones to two important roles—partner and chief development officer, and regional partner and director of its land brokerage subsidiary, SSG Realty Partners. Jones is shifting his focus after aiding in the development of the expansive Adairsville Logistics Center, a massive distribution center situated approximately 60 miles north of the city.
Peachtree Group has promoted its senior vice president of corporate operations, Daniel Puglisi, to head a new management division tailored to quick-serve restaurants. Their debut project will be a Starbucks located at AdventHealth Orlando hospital. Puglisi aims to see over 100 such locations in facilities like hospitals and universities within five years.
In other personnel news, Partners Real Estate has welcomed Shea Meddin and Brooke Gothard as equity partners in their Atlanta office. Blake Rogers has been promoted to chief operating officer and president at Scotland Wright Associates, becoming an equity member of the firm.
Matthews Real Estate Investment Services has named Adrienne Crawford and Lily Heimburger as first vice presidents, focusing on retail leasing. Savills has appointed Michael Reid and Palmer Thomas to head up their industrial services team in the Atlanta office.
Key Sales Transactions
Site Centers has purchased Brookhaven Station, a retail center spanning 45,000 square feet, for $30.2M. The center is strategically located near the MARTA station and is fully leased.
Affiliates of Westwood Financial have acquired Glenwood Park, a 49,000 square feet urban retail center, for $25.5M. The property is along the Atlanta BeltLine Eastside Trail and was previously owned by Asana Partners.
Stonemont Financial Group, on the medical office front, has acquired two buildings fully leased by Northside Hospital. One of these buildings, 14,000 square feet in size, is adjacent to Northside Hospital’s Forsyth County campus and was purchased from Gladstone Commercial Corp for $7.45M.
Additionally, a Marriott International affiliate has paid $50M for the land beneath the iconic Westin Peachtree Plaza.
Leases and Renewals
Landscape supplier SiteOne Landscape Supply has renewed its lease for 56,000 square feet at Mansell Overlook. This mid-rise office building is part of a larger office park owned by Florida-based PPF Real Estate Holding.
Exciting New Developments
The City of Atlanta may soon witness the construction of a new data center despite recent regulatory changes. Youngwoo & Associates is petitioning to grandfather its 17-acre site at 1611 Ellsworth Industrial Blvd. to allow for a 400,000 square feet data center.
Meanwhile, Venture South Investments is developing a shopping center, The Shops at Indian Creek, near the Tanger Outlets in Locust Grove. The project, featuring a 48,000 square feet Publix store and two retail buildings, is expected to be completed by the fourth quarter of 2025.
These are just a few highlights of the dynamic real estate and development activities within and around Atlanta. As the city continues to expand and adapt, these projects and key personnel changes will undoubtedly shape its future landscape.
