Companies advance long-anticipated redevelopment of former Hastings Nursery site in Brookhaven
SDS Real Property Holdings, LTD and investment partner IG3 Real Estate announce that they have retained John Speros of Ackerman & Co. and David Branch of Site Services Group, LLC as land investment advisors to identify a developer/partner to lead a large-scale redevelopment of the 4.61-acre Porter Square/Brookhaven site located at3920-3930 Peachtree Road in the heart of the City of Brookhaven.
The Porter Square/Brookhaven site includes the former Hastings Nursery building and the current retail facility of Kaufman Tire, which is continuing to operate until the redevelopment work commences. The site is located at the signalized intersection of Peachtree Road and Colonial Drive, directly across Peachtree from the Cherokee Plaza Shopping Center and about 300 yards from the Brookhaven MARTA Station.
SDS Real Property Holdings, LTD is led by Atlanta native and experienced real estate investor Starr Porter, whose family has owned the Porter Square property for over 30 years.
“John Speros and David Branch have successfully represented SDS and my family for many years in multiple markets throughout the Southeast,” said Porter. “We are delighted to have them lead this important marketing initiative.”
Speros and Branch have been involved with the Porter Square site for more than 25 years.
Headed by Carlos Imery, IG3 is a Miami-based firm that specializes in the acquisition, development and management of real estate assets located throughout the Southeast. IG3 will serve as Asset Manager overseeing the Porter Square redevelopment.
IG3 has led the acquisition of real estate assets in Georgia that total close to $100 million in value over the past three years.
“I am thrilled to have the opportunity to be part of a truly transformative project that will re-activate this incredible site in one of the most desirable locations in Atlanta,” said Imery. “We are extremely bullish on Greater Atlanta, and continue to seek strategic investments and development opportunities in the area.”
About IG3 Real Estate Group
IG3 Real Estate is a real estate investment, development and asset management company run by deeply experienced real estate professionals. It acquires, develops and improves high-quality properties based on realistic value projections and sound fundamentals using their own capital, with joint venture partners, and/or as a third-party asset manager. IG3 manages funds for numerous private investors. The company specializes in office and retail properties located in targeted submarkets throughout the Mid-Atlantic and Southeast regions.
For more information about IG3, visit www.ig3realestate.com.
