Chamblee's Whole Foods Center Bought By TA Realty: The Atlanta Deal Sheet
A Boston-based investment firm has landed one of the busiest Whole Foods in Georgia.
TA Realty paid $55.4M for Peachtree Station, a Whole Foods-anchored shopping center off Peachtree Boulevard in Chamblee, a city nearly 15 miles northeast of Downtown Atlanta, according to a tax document filed with the Georgia Superior Court Clerks' Cooperative Authority database. TA Realty purchased the center from an LLC tied to Harrison Street Asset Management.
The 106K SF shopping center is a mile and a half from the Downtown Chamblee City Hall and is fully leased, with Whole Foods occupying 45K SF of it through 2037, according to a press release from JLL. Other tenants in the center include Starbucks, Chipotle, Cava and First Watch.
The grocery store commands about 865,000 annual visits and is the fourth-busiest Whole Foods in the state, according to JLL. JLL’ s Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton brokered the sale.
Sarofim Realty Advisors initially purchased the shopping center from its developer, S.J. Collins Enterprises, for $67.5M in 2018 on behalf of a pension fund, Bisnow previously reported. Harrison Street took over the account in 2023, according to a JLL spokesperson.
In April, TA Realty paid $22.8M for land off Red Oak Road in Union City to develop a 1M SF data center campus.
SALES
New Jersey-based Decatur GA Propco LLC paid $19.5M for the Decatur Center for Nursing and Health in DeKalb County, according to a tax document filed with the Georgia Superior Court Clerks' Cooperative Authority database. Decatur bought the nursing facility from an LLC based in New York.
The property previously sold for $4.3M in 2007, according to DeKalb County property records.
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Atlanta-based TriBridge Acquisitions purchased the Elysian at Collier Lofts apartment complex at 1391 Collier Road from Houston-based Sync Residential for $30M, according to a tax document filed with the Georgia Superior Court Clerks' Cooperative Authority database.
The 184-unit complex previously sold for $30.8M in 2016, according to Fulton County property records.
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CenterSquare Investment Management bought the Interchange Business Center, a 100K SF warehouse at 2395 Pleasantdale Road in Doraville, from TPG Angelo Gordon for $16.5M, according to a tax document filed with the Georgia Superior Court Clerks' Cooperative Authority database.
Angelo Gordon paid $10.6M for the property nearly two years ago, according to Gwinnett County property records.
DEVELOPMENT
Branch Properties is planning a mixed-use project at 2840 Plant Atkinson Road, a 3.5-acre parcel about 5 miles south of The Battery Atlanta and near the Chattahoochee River, Urbanize Atlanta reported.
The property is home to 7 Bridges to Recovery, a transitional housing ministry, and is near the Silver Comet Connector Trail. Branch plans to develop two five-story apartment buildings with 250 units and 8,500 SF of retail, Urbanize reported.
The developer also plans a 377-space parking deck.
LEASES
Medical imaging company OXOS is leasing 40K SF at 675 W. Peachtree St., the 1.3M SF tower formerly home to AT&T in Midtown. It is the first conventional office lease in the building since the telecommunications giant vacated in 2020, according to a press release.
The tower, known as Tower Square, is owned by Icahn Enterprises. CBRE’s Jessica Doyle and Graham Little brokered the deal for Icahn, while Cecil Campbell Real Estate’s Chris Campbell represented OXOS.
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Google signed a more than 1M SF lease at 6720 Oakley Industrial Blvd. in Union City, the Atlanta Business Chronicle reported, citing anonymous sources with knowledge of the transaction.
A spokesperson for Google confirmed that the company leased the facility as a distribution and warehouse hub and not a data center, according to the ABC. Lease terms remained undisclosed, according to the ABC.
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Real estate development management firm Northspyre opened a 6,500 SF office for an eventual 50 employees at Ponce City Market. Terms of the deal at Jamestown’s iconic adaptive reuse project were undisclosed.
“Atlanta is one of the most dynamic real estate markets in the country, and opening an office at Ponce City Market places us at the center of that energy,” Northspyre CEO William Sankey said in a press release.
PERSONNEL
Industrial development veteran Mike Demperio has joined Westmount Realty Capital as director of development, based in the firm’s Atlanta office. Demperio, with more than five decades of experience and 1,200M SF of industrial projects in the U.S., has been tapped to build speculative and build-to-suit industrial projects.
Prior to Westmount, Demperio was executive vice president of CRG Real Estate and previously led the Atlanta office for Panattoni.
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Partners Real Estate tapped Charlie Johnson as executive vice president and head of federal leasing for the brokerage firm in Atlanta. Johnson served more than two decades at the General Services Administration and headed up the agency’s leasing operations on its 171M SF portfolio.
Partners also hired Stewart Yates from Colliers to lead the firm’s newly established healthcare investment sales practice, the company announced.
“Residential healthcare real estate is one of the most compelling growth sectors in the industry, and Stewart’s track record across both senior housing and behavioral health gives our clients a level of advisory capability that very few firms can offer,” Partners’ John O’Neill said in a release.
