815 Commerce
815 Commerce Drive
Decatur 30030
Team:
Cooper Carry, Lord Aeck Sargent, HGOR
Status:
Sold entitled land to Mill Creek Residential
Sold new branch to FX Net Lease Holdings
Circumstances
The northern gateway site for Downtown Decatur, 2.5-acre site with a 60-year-old 10K SF bank branch, 85 surface parking spaces, contractual lease extension options equaled a maturity date of September 2104.
Results
Created mutually beneficial long-term lease amendment, executed build-to-suit, gained City of Decatur entitlements, alongside Mill Creek, transformed Downtown Decatur's northern gateway into a vibrant mixed-use development.
PROJECT PROGRAM
194
Residences
16K
SF ground floor retail
5K
SF bank outparcel