Alpharetta City Center Sold to CBRE Global Investors
ATLANTA, GA (September 9, 2019) – MidCity Real Estate Partners proudly announces the sale of the award-winning Alpharetta City Center. CBRE Global Investors is one of the largest real estate investment firms in the world. “Alpharetta City Center is a general asset that solidifies Alpharetta as a premier suburban community.” said MidCity’s President and Founder Kirk Demetrops.
Alpharetta City Center is a 26-acre mixed-use property developed in partnership with the city of Alpharetta. After building the new City Hall, Library, and parking deck, the city selected MidCity Real Estate Partners as the Master Developer to create a cohesive vision for the private development creating a true historic downtown street grid complementing the existing buildings.
The project includes the DataScan Headquarters (36,000 SF office building sold separately) 42,000 SF of free-standing restaurant space and mixed-use buildings consisting of 45,000 SF of street level retail below 168 residential units and the office building. The project incorporates 2.5 acres of parks and greenspace and 40 single-family homes located at the trailhead of the Alpha Loop.
About MidCity Real Estate Partners
MidCity Real Estate Partners invests/develops/redevelops Commercial, Residential and Mixed-Use Properties. Projects range from Award Winning Public-Private Town Centers to Vacant Office Buildings. MidCity excels at Value Creation through each phase of the CRE Business Cycle MidCity was founded in 2009 by Kirk S Demetrops, as successor company to The Griffin Company, a 35-year-old full service commercial real estate development and construction company where Mr. Demetrops was President.
With a combined 80 years of experience, MidCity offers a full range of expertise including: Acquisition/Disposition, Development and Construction Management, Master Developer, Marketing/Sales/Leasing, Asset Management and Advisory Services.
Current projects include The Grove at Towne Center (Snellville, GA), 5616 Peachtree (Chamblee, GA) and NorthPlace (Sandy Springs, GA). Previous projects include Alpharetta City Center, Focus Brands Headquarters, JAS Worldwide Headquarters, & Hammond 400 Office Park.
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If you would like more information about this topic, please call MidCity at 678-990-6254