CategoriesPress Releases

Stratus Property Group Facilitates Successful Sale of MTI Baths Manufacturing Facility

COMMERCE, GA – Stratus Property Group announces the successful sale of a manufacturing and production facility on behalf of MTI Baths.

 

This milestone transaction marks a strategic move in MTI Baths’ vision, as the company optimizes the efficiency of their operations through the consolidation of warehouse space. Located in a separate submarket from their main facilities, the divestiture of this asset aligns with the organization’s portfolio refinement strategy.

 

Amidst a challenging market landscape characterized by rising interest rates, Charlie Carroll of Stratus Property Group facilitated the sale, securing a contract for over 90% of the list price within a few weeks. Despite the asset possessing some physical limitations and other unique challenges that were identified during the due diligence process, persistent effort and collaborative problem-solving ensured the ultimate consummation of the transaction.

 

Reflecting on the complexities of the deal, Charlie Carroll, representing the Seller, commented, “Due to location constraints and other rather unique issues with the property itself that we ran into during the diligence process this wasn’t the easiest deal in the world, but we found a way to facilitate an ongoing dialogue between the Buyer and Seller in order to appease both parties and ultimately get it across the finish line. I’m delighted to have assisted MTI Baths in accomplishing their real estate goals and look forward to their continued success as they reinvest the sales proceeds into furthering their core business operations.”

CategoriesPress Releases

June + Grey Opening A New Location On Adamson Square

CARROLLTON, GA – June + Grey boutique is set to open their second store front location on Adamson Square in Downtown Carrollton.

 

What began as a passionate side hustle has blossomed into an extraordinary journey for June + Grey. Following the success of their inaugural location in Bremen, GA, the boutique is ready to extend its services to the Carrollton community. June + Grey is a boutique that has the goal of creating classic, comfy, and cozy tees for children and adults. The grand opening celebration is slated for February 3rd.

 

Vicki Lackey, the owner of June + Grey, shared her experience working with Max during this process. “Max was super amazing and communicative on every aspect. I never had to wait long for a reply, and he made the process super easy!”

 

Max Albers, Vice President of Brokerage at Stratus Property Group, proudly represented June + Grey during the leasing process. He expressed his excitement, saying, “We are ecstatic to have June + Grey clothing boutique opening a new location on Adamson Square in Carrollton. Expanding their footprint from their Bremen location they will be a great fit and addition to Carrollton Community.”

Boone Retail Centre: 2680 Cobb Parkway, Smyrna, GA 30080 (Closed by Stratus Property Group)
CategoriesPress Releases

Boone Retail Centre Adding Two New Businesses

KENNESAW, GA. – The Boone Retail Centre, situated at 2680 Cobb Parkway in Kennesaw, is excited to welcome two new businesses: Backsmith Chiropractic and Axe Throwing Therapy.


Backsmith Chiropractic, under the leadership of Dr. Kevin Smith, offers healthcare services to patients of all ages in the greater Metro Atlanta area. Dr. Smith’s expertise encompasses chiropractic care, massage therapy, and a range of premium supplements.

Axe Throwing Therapy is an axe-throwing destination that brings competitive excitement and stress relief to its visitors. Conveniently located with Shezmu Cellars Winery and Taproom, voted Best of Georgia, Axe Throwing Therapy offers advance bookings, event hosting, and walk-in experiences. 


Boone Center is located in a highly visible area with excellent access to major roadways. The center is also close to a variety of other businesses and amenities, making it a desirable location for retailers.


Max Albers, Vice President of Brokerage at Stratus Property Group, proudly represented both tenants during the re-leasing process. He expressed his enthusiasm, saying, “Stratus Property Group is excited to have brought a whole new tenant line-up to Boone Centre, 2680 Cobb Parkway, Kennesaw. We have added two wonderful businesses that will be great additions to the Center and create a well-curated tenant mix. Stratus Property Group is pleased to welcome Backsmith Chiropractic, led by Dr. Kevin Smith, and Axe Throwing Therapy, an Axe throwing venue with virtual projection lanes partnering with Shezmu Cellars Winery & Taproom.”


Check out the published article on ReBusiness!

CategoriesPress Releases

MDT Institute Moving to New Location in Gwinnett

GWINNETT, GA. – MDT Institute, a leading provider of medical and dental training, has opened its first Atlanta area location at Crestwood Pointe business park in Gwinnett County.


MDT Institute is an accredited medical assisting and dental assisting academic institute that has been educating students for over 25 years. They are more than just a school; they are a community of passionate educators committed to making a difference in the world of allied healthcare.


The school is located directly off I-85, allowing for quick access to the entire Atlanta metro area. At over 8,400 square feet, MDT Institute’s space includes multiple class rooms, a computer lab, a dental training facility and an x-ray room designed to provide its students with the hands-on training that is required to be properly prepared for a fulfilling career in the medical field. Students also benefit from a location within walking distance of restaurants, shops and entertainment as well as MARTA bus transportation. The area is projected to see a growth of 4.5% in population in the next five years helping to further add to MDT’s future student base.


“With the redevelopment of nearby Gwinnett Place Mall in addition to easy access to a quickly growing population in Duluth and throughout Gwinnett County, Crestwood Pointe was a clear winner for MDT Institute’s expansion into the Atlanta market,” says Stratus Property Group’s Charlie Carroll who represented the tenant in lease negotiations. “As our city continues to grow we’ll always be in need of Dental and Medical Assistants, so I’m delighted to have had the opportunity to assist MDT in identifying the ideal location for their trade school and excited for the new career opportunities it unlocks for local residents.”

Great Oaks Way: 11560 Great Oaks Way, Alpharetta, GA 30022 (Closed by Stratus Property Group)
CategoriesPress Releases

Elevation Autism Center Opens New Location in Alpharetta

ALPHARETTA, GA – Elevation Autism Center, a leading provider of Applied Behavior Analysis therapy for children, will be extending their services by opening a new Alpharetta clinic at 11560 Great Oaks Way this fall.


The new location is conveniently located near several major highways, making it easily accessible for families from all over the area. The center is also close to a variety of amenities, including parks, restaurants, and shopping.

Elevation Autism Center offers a full range of ABA therapy services, including one-on-one therapy, and parent training. The center’s team of experienced therapists provides individualized care that meets the unique needs of each child. This is Elevation’s third center in the Atlanta area.


“It’s always a pleasure working with Elevation Autism, especially knowing the difference that they’re making in the lives of young children through their work targeted in the early childhood autism therapy space.” says Stratus Property Group’s Charlie Carroll who represented the tenant in lease negotiations. “Elevation has been a valuable member of the Alpharetta community since 2018 when Stratus assisted them with their first ever location.  This location at Great Oaks Center is more than twice the size of that initial location and showcases the significant growth the company has been able to achieve over the last few years.  We look forward to continuing to assist Elevation with their growth as they serve additional Atlanta communities in the future.”

CategoriesPress Releases

Amorino Gelato to Open in Downtown Roswell

ROSWELL, GA. – Amorino Gelato, a European purveyor of authentic Italian gelato with over 200 locations worldwide, has been added to the upcoming tenant roster at Downtown Roswell’s incoming mixed-use development, Southern Post, which is set to deliver during 2024.


Founded in 2002 in the heart of Paris with the goal of sharing the finest Italian gelato recipes, Amorino is known for its fresh, handmade gelato made with all-natural ingredients and delivered in the shape of a rose. The gelato is available in a variety of flavors, including classic favorites like vanilla, chocolate, and pistachio, as well as more unique flavors like passionfruit, lavender, and black sesame. Amorino also offers a variety of gelato-filled macarons, waffles, crepes, and both hot and cold beverages. 


Located in the heart of Roswell, the Southern Post will consist of a mix of retail shops, loft-style office space, restaurants, and residences. The new development will offer 40,000 square feet of retail space and 95,000 square feet of loft-style space with 128 luxury apartments and 9 high-end townhomes on 4+ acres where the former Roswell Plaza shopping center previously stood. Amorino joins Belux Coffee Roasters, Silla Del Toro, DaVinci’s Donuts, Azotea Cantina, Grana, Bey and Vietvana, as tenants that have been announced within the development.


Stratus Property Group’s Charlie Carroll, who represented Amorino, had this to say about the upcoming opening.  “As a Roswell resident myself, I’m especially thrilled to have been able to work with Amorino Gelato on this project. Historic Downtown Roswell is one of the most heavily trafficked city centers in north Atlanta, and the Southern Post development will be yet another tremendous addition to the area.  I’m excited for the success Amorino will experience as part of the Roswell community, and selfishly, I can’t wait to take my family for some world-renowned Gelato right here in my backyard”.

Oak Place: 503 Oak Place, Atlanta, GA 30349 (Closed by Stratus Property Group)
CategoriesCase Studies

After a Year of No Results…

After Over a Year of Being Marketed by a National Firm with Zero Results...

After over a year of being marketed by a national firm with zero results, the owner turned to Stratus in an effort to sell the asset. Stratus worked closely with the owner to add cost effective property enhancements and launched into a customized marketing campaign tailored specifically for the property. These efforts resulted in nearly a dozen offers being generated and a final buyer being selected at a price point well above initial expectations. 

The Haven At Kennesaw: 1805 Shiloh Rd NW, Kennesaw, GA 30144 (Closed by Stratus Property Group)
CategoriesCase Studies

The Haven at Kennesaw

Kennesaw, Ga

In conjunction with Stratus Development, Stratus Property Group identified an underutilized retail site in Kennesaw, Ga, close to Kennesaw State University. The land was reimagined as a student housing project and was subsequently entitled for multifamily use. The Stratus team managed all aspects of the project including site acquisition, funding, site design, construction, lease-up/property management, and the ultimate sale of the stabilized asset to a private equity investment group. 

Hawks Nest at the Preserve: 2745 Campus Pointe Cir, Gainesville, GA 30504 (Closed by Stratus Property Group)
CategoriesCase Studies

The Preserve

Gainesville, Ga 30504

 

Stratus was tasked with the sale of The Preserve at Tumbling Creek, a fractured condo community adjacent to the University of North Georgia. Prior to sale, Stratus made recommendations to increase the appeal of the asset and ensuing value. Notably, property management was transitioned to a more responsive firm, various improvements were made to the grounds to increase curb appeal and rents, service contracts re-negotiated, and a large number of remaining condo units were purchased back to gain voting control of the HOA. These efforts combined with a comprehensive and thoughtful marketing campaign, generated for the client a sale price 46% higher than initial valuations!

Rio Vista Apartments: 2716 Buford Hwy NE, Atlanta, GA 30324 (Closed by Stratus Property Group)
CategoriesCase Studies

Rio Vista, Northlake Apartments, Waverly Manor

Stratus works diligently to produce opportunities for clients that are overlooked by the general market, using all resources available. During one such scouting mission, Stratus uncovered the opportunity to purchase a set of three assets from a family trust, who was aiming to re-organize its assets and redeploy its capital into new ventures. These three properties were a perfect fit for two separate clients who had differing acquisition parameters. Stratus was able to facilitate the sale with two properties selling to one private equity fund, and one to property to a separate fund. The sales process was streamlined. 

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