Georgia Commercial Real Estate News Highlights 2020

Georgia | January 26, 2021

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Georgia Commercial Real Estate News Update

Ashley Capital provides the top headlines and highlights for commercial real estate news in Georgia every quarter. The news updates include the latest property transactions, newest developments, and other eye-catching stories in the industry.

Georgia CRE News – Q4 2020

The Georgia commercial real estate news roundup for Q4 2020 includes: Microsoft acquiring land for a data center in Fulton County, Home Depot’s distribution center getting a new owner, several industrial real estate project updates, an update on the growing Y’allywood scene, one of the largest multifamily deals in 2020 nationwide, and much more.

Microsoft Inks $28M Deal for Property Near Azure Data Center

Tech-giant, Microsoft, acquired land in south Fulton County, GA as an initial step to develop a 250K-square-foot data center. The site is part of Shugart Farms, a multiphase industrial real estate development in Palmetto. Read More

Home Depot Distribution Center Near Atlanta Acquired for $97M

Monmouth Real Estate Investment Group (NYSE: MNR) announced the purchase of a new 57,518-square-foot industrial asset in Locust Grove, GA. The industrial property is used by Home Depot as a distribution center. Read More 

Trammell Crow JV Finishes Atlanta-Are Industrial Real Estate Project

Trammell Crow Co and JV partner, Diamond Realty Investments, completed the shell building at Innovation Business Center in Newnan, GA. Innovation Business Center occupies over 61 acres of land within the Shenandoah Industrial Park. Read More 

Stan Johnson Co Acquires Atlanta-Based Brokerage Firm

Stan Johnson Co has acquired Shane Investment Property Group, an Atlanta-based commercial real estate brokerage firm focusing on retail investment projects. Read More 

Blackhall Studios Planning Yet Another Massive Expansion

One of Georgia’s largest movie studios, Blackhall Studios, is planning to expand into a one-million-square-foot storage space to “meet growing demand”. Read More

Blackstone Group Completes Largest Single Multifamily Deal in Atlanta for $179M

Blackstone acquired the 709-unit Notting Hill apartments in Atlanta for $179 million. This is the largest multifamily deal in the area, and one of the highest in the country in 2020. Read More 

Papa John’s Opening HQ2 in Atlanta

More details are coming out about the second headquarters for Papa John’s in Atlanta. It will be based in The Battery Atlanta in Truist Park. Read More

Atlanta Industrial Park Sold for $39M, Seller Represented by JLL

JLL represented the seller, a JV including The Ardent Cos. Taconic Capital Advisors, and Axonic Capital, for a four-building light industrial business park in Atlanta. Read More 

KKR Acquires Atlanta-Based Amazon-Leased Warehouse, The Cubes

KKR purchased the one-million-square-foot facility, The Cubes, at Bridgeport industrial park’s first completed development called The Cubes. This deal follows another major industrial asset purchase in Phoenix, AZ for $43 million. Read More


Georgia CRE News – Q3 2020

The Georgia commercial real estate news roundup for Q3 2020 includes: a couple Atlanta corporate headquarter updates, a few Georgia industrial asset deals, and Atlanta’s booming industrial real estate market.

Atlanta Industrial Real Estate Market Reaches New Highs in 2020

BizJournals covers the boom in Atlanta’s industrial real estate market. While many markets are affected by the pandemic industrial real estate nationwide has seen a major uptick, and Atlanta’s market is experiencing the effects as well. Read More

Y’allywood Is Beginning to Pick Up Steam and Recognition with Latest Real Estate Deal

Blackstone’s major studio real estate deal in Atlanta’s “Y’allywood” is an affirmation that film and TV production in Georgia is becoming a major player. Read More

Former Coca-Cola Bottling Plant Will Transform to Become Modern Offices

The redevelopment of Coca-Cola’s former bottling plant is hoping to attract office tenants due to its walking distance to the Eastside Trail. Read More 

Papa John’s Is Moving Its Corporate Headquarters to Atlanta

Papa John’s joins a number of other fast-food chains that already have their HQs in the Atlanta area. Papa John’s plans to move from Louisville, Kentucky to the Metro Atlanta area and it will add around 200 new jobs to the region. Read More

Sperry Equities Sells Atlanta Industrial Real Estate Park

Sperry Equities sheds a nine-building industrial park asset from their portfolio in Atlanta for nearly $11.7 million. The industrial property is 191,528 square feet and includes industrial, office, and flex real estate space. Read More

Microsoft Is Acquiring Major Atlanta Real Estate Property for Offices and Affordable Housing

The global tech giant is among several buyers for a prominent real estate property in West Atlanta, near the Bellywood Quarry. Bill Gates’ company purchased 70 acres for $127M. Read More

Trammell Crow to Develop 615K-Square-Foot Warehouse Distribution Center for Home Depot

Home Depot confirmed a deal for 615,000 SF distribution center at Stonecrest Business Park, which is just east of Downtown Atlanta. Home Depot will use the industrial facility as a warehouse for bulk deliveries to residential and commercial job sites. Read More

Mailchimp, Atlanta’s Darling Marketing Giant, Plans Move to $1B Beltline Project

Mailchimp is leaving its original headquarters in Ponce City Market to the new $1 billion Beltline project. According to BizJournals, the space could have over 2,500 employees. Read More


Georgia CRE News – Q2 2020

The Georgia commercial real estate news roundup for Q2 2020 includes: the sale of CNN Center in downtown Atlanta and a number of industrial real estate transactions.

WarnerMedia Plans to Sell CNN Center and Begins Slow Transition to New HQ

The original headquarters for WarnerMedia’s CNN is being sold, and will most likely be changed to a retail hub in Atlanta’s metro. The sale price has yet to be disclosed by the parties involved in the transaction. Read More

KKR Purchases Atlanta Industrial Property for $21.7M

A JV between Hardie Real Estate Group and Palatine Capital Partners sold Atlanta Last-Mile Center, a 205K+ square-foot industrial property in Atlanta. JLL Capital Markets took care of the marketing for the industrial asset and arranged the sale to KRR. Read More

Georgia Warehouse Property Project Proposed Near Savannah

A 17M-square-foot warehouse / distribution project has been proposed for development near Savannah, GA. This project goes along with several industrial real estate projects proposed in Bryan County, due to its close proximity to the Port of Savannah. Read More

Transwestern Acquires 238K Industrial Facility in Fairburn, GA

Transwestern acquires an industrial asset, Bohannon Logistics Center, in Fairburn, which is 13 miles southwest of Hartsfield-Jackson Atlanta International Airport, and 22 miles from Atlanta. Read More


Georgia CRE News – Q1 2020

The Georgia commercial real estate news roundup for Q1 2020 includes: an exclusive interview with our VP in Atlanta regarding Atlanta CRE in the Covid-19 era, Blackhall Studios creating the largest film studio property in Georgia, and Publix assisting their retail center tenants.

Ashley Capital’s VP in Atlanta, Tim Schneider, Interviewed Regarding Atlanta’s CRE Market and How It May Be Affected by Covid-19

Tim Schneider provides Connect Media an exclusive interview regarding Atlanta’s industrial real estate market. Read the Full Interview

Atlanta is the 4th Fastest Growing Metro in The United States

Atlanta was the 4th fastest growing metro area in the United States with nearly 730,000 new residents. It was only topped by Dallas, Houston, and Phoenix in terms of growth. Read More

Plymouth Industrial REIT in Pursuit of More Georgia Industrial Real Estate Properties

Plymouth Industrial REIT acquired a five-building, 924K+ square-foot industrial real estate portfolio in Atlanta and Savannah, Georgia for $34.7 million. They are currently in pursuit of more assets in the region. Read More

Blackhall Studios Could Become Georgia’s Largest Facility Purposefully Built for Film Production

The Blackhall Studios sound stage facility has 850,000 square feet of space, with mill space, office space and 210,000 square feet of sound stages. Read More

JLL Arranges Close to $1B for National Portfolio

JLL Capital Markets recently arranged $991.7M in financing for a 17-property portfolio with more than seen million square feet in total across the United States. Read More 

Shift to Teleworking Testing the True Capabilities of Its Implementation and Effectiveness

BisNow covers how the coronavirus is testing businesses with the imperative shift to teleworking for a majority of their workforce. Read More

Publix Assisting Tenants in Its Retail Plazas

Florida-based Publix is helping its tenants in the shopping plazas they own. They have 282 plazas in their portfolio. Read More

CT Realty & Walton Street Capital Developing 5.7M SF Logistics Park in Columbus

CT Realty acquired a 382-acre property in the Rickenbacker Industrial park in conjunction with Walton Street Capital. The construction of the new logistics park project will be financed by Bank of America. Read More

CIT Bank & BlackRock Create $163M Loan Package for Industrial Portfolio in Atlanta and Around the United States

The financing package created by CIT and BlackRock replaces a previous CMBS debt on 10 Avistone assets located in Atlanta, San Antonio, Dallas, Columbus (OH), Philadelphia, and Charlotte. Read More 

FCP & Greenstone Properties to Deliver Creative Offices Near Atlanta in 2021

The new creative office commercial real estate project near Atlanta, in Alpharetta, Georgia, will break ground in the coming days, and is expected to be delivered in Q1 2021. The six-story, 125K square-foot office space will have a loft-style setting. Read More 

Atlanta Commercial Real Estate Monthly Summary of News Highlights by CP Executive

A run down of the most important news highlights for Atlanta’s commercial real estate market put together by CP Executive, including: Lidl’s new distribution center in the area, and Clarion Partners putting up $70M for a new CRE project. Read More 

Major Marketing Company Renews Lease & Expansion in Atlanta Office Real Estate Park

MarketSource, a marketing and sales company, is expanding its footprint in the Atlanta area with the renewal and expansion of its 625K square-foot office property in Alpharetta, Georgia. Read More


Georgia Commercial Real Estate News 2019