Ackerman & Co. and MDH Partners Acquire 433,204-SF Lee + White Project in Atlanta, GA

Kelly Wilson

 Atlanta, GA, Sept. 19, 2019 – With plans to continue the development of one of metro Atlanta’s most successful adaptive reuse projects, Ackerman & Co. and its partner MDH Partners have acquired the 4-building, 433,204-square-foot Lee + White project in Atlanta’s West End. The partners purchased the properties from Stream Realty Partners for $40.3 million.

Leo Wiener

Sonia Winfield

Initially constructed as industrial buildings in the 1950s and 1960s and recently redeveloped by Stream Realty Partners, the Lee + White buildings are currently home to popular breweries, restaurants, retailers and food manufacturers.

Kris Miller

The property features more than a half mile of frontage along the Atlanta BeltLine with direct access to the trail.

Mark Zebouni 

Miles Theodore, Mack Freudenstein, Mark Zebouni and Drew Nations of Eastdil Secured represented seller Stream Realty Partners. The purchaser represented itself.

 

The partnership plans to diversify the development by adding a 20,000-square-foot food hall, 30,000 square feet of additional retail and 170,000 square feet of creative loft offices.

A masterplan for the redevelopment is under way and construction is expected to begin in six to 12 months.

Drew Nations 

               “Lee + White is an exciting investment for us,” said Kris Miller, president of Ackerman & Co. “Stream showed vision in transforming these properties into a hip entertainment and food and beverage destination.

"There’s an excellent value-add opportunity for us to diversify with additional development, including loft offices and a variety of food and retail options that will further expand the appeal of this development.”

Evan Ziegler, senior vice president of Investments for Ackerman & Co., added, “The scale of this project gives us a great opportunity to create value. Adaptive re-use projects like this in urban locations are a product type we hope to continue to be active in.”

Porter Henritze

Ackerman Retail President Leo Wiener and Retail Senior Vice President Kelly Wilson will lead the restaurant and retail leasing efforts at the property.

Porter Henritze and Sonia Winfield, directors at Cushman & Wakefield, will represent ownership in office leasing.

“With its 3,000 feet of frontage along the Atlanta BeltLine, walkable MARTA access and proximity to many vibrant intown Atlanta neighborhoods, this property’s strategic location has helped establish Lee + White as a go-to entertainment destination in the West End,” Leo Wiener said.

“Kelly and I look forward to implementing our leasing initiatives to diversify the tenant base and bring more unique retailers and food options to this exciting development.”

Jeff Small Jr.

Added Jeff Small, CEO of MDH Partners, “This is a great opportunity for us to partner with Ackerman & Co. on an innovative project that is contributing to the transformation of the West End of Atlanta.

"Our investment in the redevelopment of this property will build on its proven success while helping to make Lee + White an even more integral part of the community.”

Ackerman & Co. plans to schedule public meetings to obtain input from the community about the redevelopment plans.

Evan Ziegler

Offering outstanding multimodal accessibility, Lee + White is located steps from the Atlanta Westside BeltLine, 0.4 miles from the West End MARTA station and is convenient to all of metro Atlanta’s major interstates, I-20, I-75, I-85 and I-285.

Tenants at Lee + White include Monday Night Brewing, Wild Heaven Beer, Best End Brewing Co., ASW Distillery, Hop City Craft Beer & Wine, Plywood People.

Also: Honeysuckle Gelato, Cultured South Fermentation Co., Doux South Pickles, Boxcar restaurant, Overlook Boulder + Fitness, MacStadium, and United Way of Greater Atlanta.

CONTACT:

Steve Webb

Marketing and Communications

swebb@ackermanco.net
678-993-2935

www.ackermanco.com

Wendy Chan of JLL Receives ISHC Lori Raleigh Award for Emerging Excellence in Hospitality Consulting

Wendy Chan

VIENNA, AUSTRIA, Sept. 19, 2019 -- The International Society of Hospitality Consultants (ISHC) announced Wendy Chan, as the recipient of the fifth annual Lori Raleigh Award for Emerging Excellence in Hospitality Consulting.

Chan was honored at the ISHC annual conference, held this year in Vienna, Austria.

Lori Raleigh

The award is named in honor of Lori Raleigh, who is well known as an advocate for continuing education in hospitality consulting and for supporting young talent with creative and passionate leadership.

Raleigh is the founder of The Travers Group and served as the executive director of the ISHC from 2000 to 2013.

Andrea Belfanti, Executive Director of ISHC commented, “Now that we are in the 5^th year of the Lori Raleigh Award, it is humbling and exciting to see how the past winners of this award are continuing to excel in their personal careers as well as leading our industry to new frontiers.

"Wendy Chan is no exception, she is having a big impact in Latin America and across our industry. We’re thrilled to recognize her for her many achievements and have her as an Associate Member of ISHC in the coming year.

Andrea Belfanti

"Thank you to the ISHC Awards Committee and the sponsors who nominated so many impressive young professionals that made this award possible.”

Chan currently serves as senior vice president within JLL’s Hotels & Hospitality Group, leading the advisory and asset management efforts throughout Latin America.

Additional information about the organization, along with a directory of ISHC members, is available on the ISHC website at www.ishc.com.        

Contact:

 Lauren Marshall

 Director of Membership & Marketing

Email: lmarshall@ishc.com

Phone: 678-735-9453