Atlanta

The 607,223-square-foot portfolio is 100% leased and includes three dock-high distribution buildings and two grade-level buildings.

The firm’s subsidiary Bridge Office Fund Manager has purchased the Offices at Flagler Station, a three-building complex totaling 387,474 square feet along Florida’s Turnpike, and the Offices at Doral Square, an eight-story, 141,205-square-foot building, in Doral.

The purchase increases Preferred’s multifamily portfolio to 33 multifamily communities across 10 states. The company financed the acquisition utilizing a non-recourse first mortgage loan from MetLife Investment Management on behalf of a client.

The consumer products company reported that Newell Brands has decided to move its corporate headquarters to the Atlanta area “in order to facilitate a stronger connection between senior leaders and the operations of the business, and to enhance the company’s culture and sense of community.”

The San Diego-based firm plans to occupy a total of 30,783 square feet encompassing the entire second and third floors of the 38-story tower building in the latter part of the first quarter of 2020.

The 300-unit luxury property in Augusta, GA was purchased from site developer, Southeastern Development Associates.