March 2, 2021
Ackerman & Co. Completes Final Land Sale at Exchange at Gwinnett
13.7-acre parcel is the fifth transaction Ackerman & Co. has closed at the Fuqua mixed-use project in Buford, Ga., 35 miles north of downtown Atlanta.
ATLANTA, March 2, 2021 – Ackerman & Co. has brokered the sale of a 13.7-acre parcel at the Exchange at Gwinnett mixed-use project, located at the intersection of Interstate 85 and GA Highway 20 in Buford, Ga. The $5-million transaction marks the final piece of land sold by Ackerman as part of the Exchange at Gwinnett project, with the firm having previously completed four land sales of nearly 100 acres.
Ackerman & Co. Senior Vice Presidents John Speros and Larry Wood represented Fuqua Development in the acquisition of the 13.7-acre parcel. Mansour Properties LLC was the seller.
“Initially, we represented the Orkin family in the sale of 64 acres to Fuqua Development and then helped Fuqua assemble the balance of the land for this multi-phase project that is being developed into one of the most exciting mixed-use projects in the entire Atlanta region,” said John Speros.
Ackerman & Co.’s Wood and Speros also brokered a separate 4.5-acre sale within the development on behalf of Rooms To Go for the construction of a 52,000 square foot flagship store to replace their 24,000-square-foot store in front of the Mall of Georgia.
Exchange at Gwinnett will feature a food hall with 13 eateries slated to open soon, local and national retailers, a 72-bay Topgolf, Andretti Indoor Karting, a Sprouts market, luxury flats and apartments, and a Homewood Suites.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com