Amazon Buys 985 Acres Near Atlanta For More Data Centers: This Week's Atlanta Deal Sheet
Amazon’s cloud computing division paid up big for a huge swath of land between Atlanta and Macon that could become home to its latest data center endeavor.
Amazon Web Services purchased 985 acres along Interstate 75 in Lamar County, around 50 miles south of Downtown Atlanta, for $270M, the Atlanta Business Chronicle reported, citing property records.
An Amazon spokesperson confirmed with the ABC that the online retail giant bought the land and is “performing due diligence in exploring possible data center locations.”
AWS’ parcel is part of the Legacy 75 Trade Center, a proposed mixed-use industrial park that is set to include 19M SF of industrial space, 57 acres of residential property and a 350-acre quarry, according to the Development of Regional Impact application filed last August with the Georgia Department of Community Affairs. The department reviews developments that will have a regional impact on infrastructure.
The developer of that project, Stockbridge-based High Falls 75, sold the land to Amazon.
SALES
Terravet Real Estate Solutions, a Pennsylvania-based firm that focuses on buying veterinary clinic real estate, bought Dogwood Veterinary Specialty & Emergency facility in Marietta for $3.3M, according to a press release.
The seller was an LLC registered to Dr. Agda Tamassia, who heads Dogwood Veterinary, according to county and state records.
The property is a nearly 13K SF, 24-hour animal hospital off Powers Ferry Road in Marietta. The practice has 17 full-time doctors and more than 70 total employees, according to the release. Dogwood’s veterinary practice was simultaneously purchased by Innovetive Petcare, which runs the business side of veterinary clinics, according to the release.
Terravet is one of the companies leading the charge toward building veterinary real estate into its own niche asset class.
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Cincinnati-based Phillips Edison & Co. purchased Butler Crossing, a 57K SF shopping center off Cobb Parkway in Kennesaw, from Ziff Real Estate Partners for $13.8M, according to Cobb County property records.
Ziff acquired the Planet Fitness-anchored shopping center in 2018 for $7.9M, according to records. JLL’s Brad Buchanan, Andrew Kahn and Jim Hamilton brokered the transaction.
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Brooklyn investor Moses Weiss, through the shell company Camp Creek 280 LLC, purchased the Central Park Apartments from 2900 Camp Creek LLC for $19M, according to Fulton County property records.
The previous owner purchased the 280-unit community in College Park, built in 1969, in 2018 for $7.8M, according to data collected by Reonomy. Marcus & Millichap’s Scott Spalding, Marco Welch and Joe Mitchell brokered the transaction.
PERSONNEL
Matt Anderson has joined Partners Real Estate as managing director of valuation and advisory services in the Southeast. The 20-year real estate valuation veteran most recently served as senior director at CBRE in Atlanta, where he valued commercial properties, vacant land and third-party appraisal reviews, according to a press release.
LEASES
C.H. Robinson is relocating from its Downtown Atlanta office to a larger space in the suburbs.
The logistics firm signed a 17K SF lease at Cumberland Center II, a 17-story, 421K SF tower in Cobb County. The company’s previous address is listed at 101 Marietta St.
Cushman & Wakefield’s Tim Wright brokered the deal for C.H. Robinson, while JLL’s Jeff Bellamy and Brooke Dewey represented CP Group, the owner of Cumberland Center II.
Bellamy and Dewey also secured a 13K SF lease with pharmaceutical manufacturer Mikart at Cumberland Center II. CBRE’s Ryan Hudson represented the tenant.
