Atlanta's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The Atlanta-based firm reports it has closed on an loan of approximately $12.3 million in connection with Oxford Properties' plans to develop a 240-unit Class A multifamily community at its a 63-acre mixed use project in Fredericksburg.
“The site in Lawrenceville is a representative example of what the brand is seeking – new construction, and a highly visible and easily accessible free-standing location in a growing market," says SRS managing principal Matthew Mousavi.
The combination of the firms will offer a keen understanding of the national commercial real estate landscape with a precise, street-level focus that establishes a competitive advantage for investors during all phases of an asset's lifecycle.
Atlanta's low cost of living vs. the Northeast and the Midwest and a business-friendly government and regulatory environment are driving economic growth, says Transwestern's Bruce Ford.
Transwestern says Atlanta's medical office market last year absorbed 639,378 square feet and is on track to match or exceed that level in 2018, with absorption of 390,458 square feet already reported in the first half of the year.
“Georgia is one of the premier data center development markets in the US,” says CBRE's Tim Huffman, because of low power costs and state tax incentives for data centers.