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Porter Square Concept One, 3920-3930 Peachtree Road, Brookhaven, GA |
MIAMI, FL and ATLANTA, GA (Sept. 14, 2018) - 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 at 3920-3930 Peachtree Road in the heart
of the City of Brookhaven.
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Porter Square Concept Two, Brookhaven, GA |
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.
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John Speros Sr. |
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.
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Carlos Imery |
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.”
IG3 Real Estate is a real estate investment, development and asset
management company run by deeply experienced real estate professionals.
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David Branch |
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.
CONTACT:
Eric Kalis
Account Director, BoardroomPR
O 954-370-8999
C 305-794-5123