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Bridge Lender Aims For Wider Reach

Ardent Financial is taking steps to expand its bridge-lending program. The unit of Atlanta-based Ardent Cos. has traditionally pursued debt and preferred-equity investments in construction projects, redevelopments and transitional properties. But now the investment manager also wants to target value added, core-plus and opportunistic plays involving more stabilized properties, said newly hired managing director Christopher Kelly.

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Investors Pour Millions Into Armour Yards District

Investors continue buying in to the overhaul of Atlanta’s Armour Yards district. The Ardent Cos. purchased three industrial buildings in the project for $14.7 million, or about $129 per foot. Ardent bought the properties from DH Pace, the parent company of Overhead Door Co.

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LPC Secures 20K-SF Office Lease In Norcross

Lincoln Property Company (LPC) secured a new office lease at Lakeside at Peachtree Corners, a three-building office park in Norcross. Cresa Partners’ Doug Wise represented the tenant, NanoLumens, in securing a 19,279-square-foot lease. LPC’s Matt Davis represented the landlord, The Ardent Cos.

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Wayfair Joins Terrapin At Ardent’s Mixed-Use Development In Athens

Wayfair Inc. is the latest company to bring new life back to the old General Time Corp. plant in Athens, Georgia. The Boston online retail giant known for household goods will occupy a new customer support center on the site of the former General Time plant, which shut down almost 20 years ago.

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Harrison Design Signs 25K-SF Office Lease At Piedmont Center

Cushman & Wakefield and Tyler Real Estate Partners arranged a 25,000-square-foot lease with Harrison Design at Piedmont Center in Buckhead. Will Porter and Laura Power of Cushman & Wakefield represented the landlord, Ardent Cos., in the transaction. David C. Tyler Realty represented Harrison Design.

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The Ardent Companies Buys Two Suburban Atlanta Business Parks For $41 Million

A 21-building portfolio of suburban Atlanta business parks has traded hands for $41 million. The Ardent Companies acquired the 880,000 square feet of warehouse/flex properties. The two separate business park included nine buildings in Marietta’s Franklin Forest Business Park and another 12 in Norcross’ Northwoods Business Office Park.

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Can Smyrna Turn The Chattahoochee Riverfront Into A Destination?

Way down yonder on the Chattahoochee, Smyrna officials are hoping a public park and hundreds of new homes will transform the waterfront from an industrial corridor into a flourishing attraction. While cities like San Antonio and Asheville have invested in their rivers with walkways, trails, restaurants and shops, the Chattahoochee remains largely undeveloped with limited accessibility. The ‘hooch is less of a meeting place than a border separating Cobb from Atlanta.

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Aggressive Atlanta Buyer Strikes Its Biggest Downtown Deal Yet

The Ardent Cos. paid $23 million for this five-story building at 150 Second Ave. N., home to BB King’s Blues Club and the national customer service operations of Lyft. A real estate investor from Atlanta that has paid record-setting prices for downtown Nashville real estate has cemented its largest purchase yet.

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73-Townhome Development Proposed In Brookhaven

The Ardent Companies LLC is proposing 73 townhomes on the site of a 54-year-old apartment community just off Buford Highway in Brookhaven. A 54-year-old apartment complex just off Buford Highway in Brookhaven could make way for a brand new townhome development.

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