ATLANTA—Hospitality Ventures Management Group named Suzanne Saunders its vice-president of design and construction. In her new role, Saunders will be responsible for the planning and execution of new development and renovation projects, as well as capital expense planning and execution. Prior to joining HVMG, Saunders spent more than a decade with Hyatt Hotels & Resorts, most recently serving as regional vice-president, project service, design and planning for the Americas. During her tenure there, she oversaw the development and growth for all franchised Hyatt Place and Hyatt House Hotels and all owned properties throughout the Americas. She has held a number of commercial construction management positions throughout the years, including senior construction manager for Panera Bread, construction manager with Jack-in-the-Box Restaurants and senior project manager with Hilton Corporation. Saunders received her Bachelor of Science degree in Industrial Technology from Lamar University.

DEAL TRACKER

ATLANTA—HFF brokered the $28.2 million sale of Providence Commons, a 110,137-square-foot, Publix-anchored retail center in the Nashville suburb of Mount Juliet, TN. The HFF team marketed the property on behalf of the seller, Boyle Investment Company. Boyle will continue to provide development, leasing and management services for the property. Providence Commons is located at 631 South Mount Juliet Road in the fast-growing Mount Juliet submarket of Nashville. The 100%-leased property is passed by more than 20,000 cars per day and includes a future development site totaling approximately seven acres. The HFF investment advisory team representing the seller included senior managing directors Jim Hamilton and Richard Reid.

ATLANTA—Crow Holdings Industrial (CHI), the industrial development affiliate of Dallas-based investment enterprise Crow Holdings, started construction on two additional projects in the Atlanta area. Once completed, CHI will have developed more than 1.5 million square feet of class A industrial space across four sites in the Atlanta market. CHI's Atlanta developments provide industrial, manufacturing and logistics users with state-of -the-art features in highly sought-after locations in the region. John Bateman opened Crow Holdings Industrial's Atlanta office in 2017. Bateman, who previously worked in CHI's Dallas headquarters, oversees site selection, development, and marketing as well as building acquisitions.

ATLANTA—Peachtree Station, a 106,372-square-foot, Whole Foods-anchored retail center in Chamblee, GA, has traded hands. The retail asset sold for $68 million, or $630 per square foot. Fain Hicks of Cushman & Wakefield's Retail Investment Sales Team represented the seller, S.J. Collins Enterprises, in the transaction. Sarofin Realty Advisors, an out-of-state institutional investor acquired the property. According to CoStar, there is only one other shopping center sale that reported a higher price in the past 12 months. That was PGIM Real Estate's sale of North Point Marketplace to CBRE Global Investors for more than $108 million.

NASHVILLE—HFF arranged financing for West 46th Apartments, a 171-unit, podium-style apartment community in Nashville's Sylvan Park neighborhood. The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the 10-year, fixed-rate loan with interest-only payments throughout the entire term. Loan proceeds were used to acquire the property. West 46th Apartments is located at 4510 Charlotte Avenue just south of Interstate 40.

BUILDING BLOCKS

SAVANNAH, GA—Floor & Decor, a leading specialty retailer of hard-surface flooring and related accessories, opened its second-largest distribution center in the major Southern port city of Savannah. The new 1.4 million square foot Floor & Decor distribution center sits on a 90-acre site within the Morgan Business Center, a 250-acre industrial park in the community of Bloomingdale, just west of the city. The complex, located near the intersection of Interstates 16 and 95, boasts convenient truck and rail access to the busy Port of Savannah, approximately 11 miles away.