The latest news from Westplan Investors.
- Published on Friday, 03 October 2014 15:46
ATLANTA, GEORGIA – Westplan has broken ground on Aspire North Druid Hills Apartments which will be a 310-unit apartment community on 7.2 acres in Executive Park. Westplan expects construction to be complete in the second quarter of 2016 and apartments to be available for rent in the fourth quarter of 2015.
- Published on Monday, 21 July 2014 18:47
ATLANTA, GEORGIA — Principal Real Estate Partners has been named as the exclusive leasing agent for 55 Marietta Street Data Center tower. The multi-Tenant data center facility and Carrier Hotel accounts for 389,000 square feet in the heart of Atlanta’s downtown business district. Principal Real Estate Partners’ Michael Shaw and Trevor Schneider will be leasing the project.
- Published on Tuesday, 24 June 2014 12:39
ATLANTA, GEORGIA - Peerless Network (peerlessnetwork.com) announces that it will expand into an 18,000 SF data center space. Renovations to increase the data center capacity for Peerless and future tenants and a Meet Me Room are under way and will be finalized in the third quarter of 2014.
- Published on Thursday, 16 January 2014 20:36
ATLANTA, GEORGIA – Westplan and Brad Johnson have formed a partnership to develop multifamily projects in Atlanta and several other select markets in the southeast. Rob Carter, President, "We are very excited to partner with Brad who brings an immense amount of development experience and expertise to Westplan. This is a natural progression in Westplan's growth and will allow us to have direct control and influence over the development process for the benefit of our investors."
- Published on Friday, 25 October 2013 13:12
ATLANTA, GEORGIA – Westplan has invested in The Highlands at Sugarloaf, a 390-unit luxury apartment community in Gwinnett County, GA to be developed in a joint venture with Brand Properties.
- Published on Thursday, 26 September 2013 11:01
ATLANTA, GEORGIA – Westplan has successfully sold Alta Royal Oaks Apartments, a 282-unit Class A apartment project in Houston, Texas. Westplan purchased an interest in the property with Wood Partners in 2004.
- Published on Friday, 19 July 2013 11:09
ATLANTA, GEORGIA – Westplan, as a partner with Euramex in Dunwoody Station Apartments LLLP, has sold Dunwoody Station Apartments to Lincoln Property Company. The property is a 530-unit, Class A community located in Dunwoody, Georgia. Westplan acquired the property in April 2009.
Rob Carter, Executive Vice President, stated “the performance of this asset has improved significantly since we acquired it. By selling it now we have been able to achieve a tremendous result for our investors.”
- Published on Wednesday, 03 July 2013 13:12
ATLANTA, GEORGIA - Westplan has sold The Shoppes at Fountain Oaks in Atlanta, Georgia to AmREIT, a Houston, Texas based equity real estate investment trust. The Shoppes at Fountain Oaks, acquired by Westplan in 2010 from a German based equity trust, is a 160,000 SF Kroger-anchored center located in a unique location in Sandy Springs.
Rece Morgan, VP Retail, stated “even though we continue to see improving performance for this type of property, the sale realized a 23% IRR result for our investors.”
- Published on Monday, 14 January 2013 13:13
ATLANTA, GEORGIA – Westplan executed over 69,000 square feet of new and renewal leases in its Atlanta Retail Portfolio in 2012 which increased overall occupancy to 91%. Westplan’s retail centers include Fountain Oaks in Sandy Springs, Rivermont Station in John’s Creek, Town Square in Decatur, Shoppes of Shiloh Crossing in Kennesaw and Butler Crossing in Acworth. Notable new tenants include Title Boxing Club, Inc., Bridge Club of Atlanta, Dance FX, Dance Theatre, Mazzy’s Sports Bar, Asian Cajun and Buffalo’s Café.