Gold Kist Mystery Buyer Revealed!

Atlanta-based Crown Holdings Group is on track to buy the former Gold Kist HQ in Dunwoody. (And you thought it was Col. Mustard.)

After weeks of speculation, Crown Holdings quietly announced its intent to purchase  the  262k SF  building and the surrounding 15-acre site for an undisclosed sum. Officials with the company issued a statement saying it had "been eyeing the site for over a year." (Too shy to say hello at first, but eventually got the courage to introduce themselves.) Binswanger's Jim Medbery has been marketing the site for months and will help close the deal by year's end.The new mystery is what's next with the property. It looks like Dunwoody Mayor Mike Davis' (above, with Sandy Springs economic development director's Andrea Hall) idea of turning the site into a Wimbledon-level tennis arena is likely off the table. (Somewhere in the world, Marat Safin just shed a single tear.) Crown partner Blair Schlossberg says, "The property has been the corporate HQ of two of Georgia's greatest corporations in the past. We intend to  keep that tradition moving forward." Sources familiar with Crown's plans say—as of now—there is nothing solid. There may be plans for a hotel, but no flag has been mentioned.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines