Ackerman & Co. and MDH Partners, with the assistance of its capital advisor Patterson Real Estate Advisory Group, closed on financing for the Lee + White mixed-use development with MetLife Investment Management, according to a press release this week.
Located along a 0.5 mile stretch of the Atlanta BeltLine, Lee + White is an assemblage of existing light-industrial buildings totaling 423,000 square feet that has been partially adapted for mixed-use purposes. Ackerman and MDH acquired the development in September 2019 from Stream Realty Partners for $40.3 million.
As part of its upcoming second phase, Ackerman and MDH are looking to add creative loft office space, a food collective, new retail outlets, and multifamily. These additional uses join an existing stock of tenants like The Overlook, Wild Heaven Beer, Hop City, Monday Night Brewing, Cultured South, and ASW Rickhouse, among others.
“From top-to-bottom, there are best-in-class organizations involved at Lee + White, and we are thrilled to be associated with the project,” Lance Patterson of Patterson Real Estate Advisory Group said in the release. “MetLife Investment Management was once again an excellent lender to work with.”
One Response
Good grief, I didn’t realize they were adding all this.
Looks really nice though!