15 Jan Batson-Cook Development, Fuqua Sells Grant Park Project
Well-located mixed-use destination attracted national retailers
Atlanta — Batson-Cook Development Company (BCDC) and partner Fuqua Development have sold Glenwood Place, a dynamic mixed-use project located in the historic Grant Park neighborhood.
The Kroger-anchored development completed in 2015 includes 175,000 square-feet of retail fronting Glenwood Avenue and Bill Kennedy Way with visibility from Interstate 20 with surface-level parking providing easy access for the customers. The center is home to a Starbucks Coffee, a Waffle House, The Little Clinic and Glenwood Dentistry.
“We have come full-circle with Glenwood Place, executing our business model of partnering with the best-in-class developers on unique projects, where we can create value for our investors by leveraging our expertise and experience,” said Litt Glover, President and CEO, BCDC. “The Fuqua Development team has been an excellent partner for us, and we look forward to continue to work with them on other projects.”
Glenwood Place is one of six mixed-use developments totaling more than 1.5 million square feet of specialty retail space across metro Atlanta being developed through the long-term strategic partnership between BCDC and Fuqua Development. These include the Atlanta Braves mixed-use project in Cobb County, The Battery; Sugarloaf Market Place in Duluth ; Kennesaw Marketplace in Kennesaw; Decatur Crossing in Decatur and Madison Yards.
Atlanta-based BCDC has long partnered with best in class developers on high profile projects including Novare Group and the SkyHouse program, which has grown to 17 luxury mixed-use towers across the Southeast and Midwest with an overall value of more than $1.5 billion and Principal Senior Living’s Benton House program, which includes health care facilities in Florida, Georgia and South Carolina.
In late 2017, BCDC broke ground on Virage in partnership with Ascentia Development Group, a 24-story luxury condominium tower on Bayshore Boulevard in Tampa, Fla.
Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, Batson-Cook Development Company offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management.