March 24, 2022
Wood Partners Purchases 52-Acre Site in Forsyth County for Mixed-Use Project with Apartments
Ackerman & Co. and Pioneer Land Advisory Group represent residential developer in $6-million purchase of site planned for 310 multifamily units.
ATLANTA, March 24, 2022 – The Ackerman/Pioneer Land Advisory Group has brokered the sale of a 51.7-acre parcel in Cumming, Ga., on behalf of Atlanta-based Wood Partners for the development of a mixed-use project containing 310 multifamily units and 5 acres of retail/commercial development. Wood Partners purchased the property for $6 million from the sellers, Rosalinda Realty, EMES Realty and Davidson Realty Corp.
The project will be built off of Georgia 400 at Settingdown Circle. The Ackerman/Pioneer Land Advisory Group’s John Speros, JT Speros and Kyle Gable represented Wood Partners in the purchase.
“This land acquisition gives Atlanta-based Wood Partners, one of the most successful multifamily developers in the Southeast, the opportunity to provide much-needed, high-quality rental residences in fast-growing Forsyth County,” said John Speros.
The Ackerman/Pioneer Land Advisory Group has represented numerous owners in land sales for prominent housing and commercial real estate developments, brokering more than $400 million in property sales across the Southeast.
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 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