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ATLANTA-Wildwood Associates, a locally based partnership that includes Cousins Properties Inc., has sold a 2.85-acre parcel at its suburban Wildwood community to Southern States Management of Atlanta for $1.2 million or $649,123 per acre ($14.90 per sf).

Southern States plans to break ground this summer on the five-story, 124-room Hilton Garden Inn Atlanta NW/Wildwood at the intersection of Windy Hill and Powers Ferry Roads. Completion is targeted for summer 2004.

The hotel will be Wildwood’s first, according to a prepared statement from Tad Leithead, senior vice president of Cousins’ office division. “Even though Wildwood has housing, restaurants, a fitness center and other amenities, the project has always needed a mid-priced, upscale business hotel,” Leithead says. “This hotel is perfectly suited both for our office clients in Wildwood Office Park and also for the surrounding area.”

Southern States owns and operates five properties within the Hilton family of hotels in the Southeast. “The Hilton Garden Inn is the perfect hotel to serve Wildwood’s business travelers,” says Southern States vice president Carl Hoover.

The hotel will offer 20 suites among its room inventory; 2,400 sf of meeting space that will accommodate up to 150 attendees; and a 24-hour business center that will provide high-speed Internet access and fax capabilities available to all guests.

Richard Rauh & Associates is the project architect. Pinkerton & Laws Inc. is the general contractor.

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