Portman Holdings is looking at 111.55 acres in Duluth for a mixed-use project. The Atlanta Business Chronicle reports the plan is to build about 1,400 new residential units – including apartments, townhomes and single-family homes – along with approximately 80,000 square feet of commercial space and approximately 100,000 square feet of medical office space.

The site is nearly vacant, except for a historic house built in 1895. The Hudgens Company owns the parcel.

Construction on the large Duluth project could wrap up by 2031. The site last traded hands for $20.25 million in 2006, and its total appraised value across two parcels is $7.08 million.

Portman is also planning a mixed-use redevelopment of an Alpharetta office campus and a 332-unit apartment complex in Fairburn, among other projects.

Foxfield has acquired a 169,252-square-foot industrial building in Duluth, Ga. Called 3059 Premiere Parkway, the warehouse is leased to a technology company, which will occupy the space under a new six-year, triple-net lease, 

Commercial Edge reports the property changed hands for $19 million from seller Barco. The new ownership also secured a $8.6 million acquisition loan from Aegon Insurance Co., with a maturity date set for 2031. 

The deal was a sale-leaseback agreement, with Barco continuing to fully occupy the space under a six-year, triple-net lease. The industrial facility came online in 1998.

This deal marked Foxfield’s 14th acquisition made through its Foxfield Open-End Fund, that opened in 2020 and has been targeting fully leased Class A and B industrial and flex/R&D assets.

Dennis Mitchell, Matt Wirth and Britton Burdette, together with Jim Freeman with JLL’s Investment Sales and Advisory team negotiated on behalf of the seller. Hailey Realty Co.’s Howard Boyd and John Crawford also provided assistance.

EQT Exeter paid $36.25 million ($125/square foot) for an office/industrial portfolio within Satellite Place at Commerce Ave in Duluth, Georgia. The portfolio, spanning 289,921 square feet, is a collection of four flex industrial /R&D/office buildings.

The offering comprises three industrial buildings at 2405, 2425 and 2450 and one single-story office building at 2400. The assets traded from Satellite Place Property, LLC and Satellite Commercial Property, LLC, to  EQT Exeter.

Newmark’s Casey Keitchen brokered the deal on behalf of the sellers, “The new ownership plans to convert the asset to a higher industrial finish ratio over time.”

EQT Exeter says it offers modern, high-quality properties in more than 50 cities around the world where its tenants most want to be. EQT Exeter Real Estate Income Trust (“EQRT”) is an externally managed, non-traded perpetual life REIT designed to provide investors access to a global, vertically integrated real estate platform.