January 21, 2020
Clarion Partners has acquired Stockyards Atlanta, the adaptive renovation of three historic warehouses in Atlanta’s West Midtown neighborhood. The sales price was $69.7 million.
Developed as part of a joint-venture partnership between Westbridge Partners and FCP in 2017, the 142,478-square-foot project is located on the corner of 10th Street and Brady Avenue. Current tenants include Red Bull, Fitzgerald and Co., the Painted Duck and Italian restaurant Donetto. The project, which was designed by architectural firm ai3 and built by Gay Construction, was honored by the Urban Land Institute in 2018 for Excellence in Office/Commercial Mixed-Use Development.
Stewart Calhoun, David Meline, Mike McDonald, Samir Idris and Michael Moore of Cushman & Wakefield represented FCP and Westbridge in the transaction. Stockyards Atlanta was FCP’s first commercial project in Atlanta. The firm’s Atlanta-area portfolio also includes eight multifamily properties with 1,924 units.
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