Atlanta

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.

KKR and Banyan Street Capital are planning an additional $5 million in capital improvements that they state will address enhancements to the fitness center, retail concourse, outdoor plaza and tenant elevator landings and corridors.

The financing package consisted of six new Freddie Mac Value Add Green Advantage loans, five loan assumptions from Fannie Mae and $40 million in equity over the entire portfolio.

The firm has acquired 53 acres for the 777,000SF, three-building industrial park in an Atlanta Northwest submarket.

The leader in the firm's Atlanta office tells the next generation to remember that you are never as smart as you think you are when the market is great and you are never as bad as you think you are when the market is terrible.

The REIT will be the majority partner in a joint venture with S.J. Collins Enterprises to develop Southern Post.