There have been plenty of ups and downs in real estate this year, but Calloway Title continued doing business. We’ve been able to get some impressive commercial deals across the finish line, and as the new year approaches, we’re reflecting on our work by sharing six projects we’re proud of from 2023:
Tyler Perry Studios
Towards the end of 2022 and the beginning of this year, our team completed the title work and helped close the deal on entertainment mogul and Atlanta native Tyler Perry’s 37.5-acre expansion of Tyler Perry Studios in Atlanta. According to the Atlanta Business Chronicle, “Perry’s plans included adding an entertainment, retail and restaurant district to the production campus.” It is now one of the country’s largest TV and film production facilities.
Tilford Yard Data Center
Some of our projects started from the ground up. We enjoy working on new development projects and large plots, so we were thrilled when developers called on our team to help close on a new two-level data center in Tilford Yard.
Florida Industrial Warehouse
In 2023, we also expanded our reach outside of Georgia. We handled commercial deals in Florida, South Carolina, Tennessee and nationwide–and hope to do even more in 2024.
Completing the title work on an industrial warehouse property in Sarasota, Florida, in March of this year was extra special to us. According to the Herald-Tribune, “The property, purchased for
$5 million, was intended for use by Club Car, a provider of GPS systems to golf carts and other electric vehicles.”
In August, Wellstar, an Atlanta-area hospital system, took over Augusta University’s hospitals with the promise of providing financial stability, more medical training and better care to the facilities, and our team was thrilled to make a positive impact and help close the deal. According to AP News, “Wellstar assumed control of the 478-bed Augusta University Medical Center and 154-bed Children’s Hospital of Georgia, as well as the rights to build a 100-bed hospital in suburban Augusta.”
The Rowan Foundation Research Development
Another big project we completed the title work for and helped close in July was The Rowan Foundation’s purchase of a 5.05-acre parcel of land. It was intended to expand the foundation’s ambitious research development and reached a whopping $250,000 per acre.
Affordable Housing in Atlanta
Finally, in October, we worked with the City of Atlanta to help them close a real estate transaction with the Young Women’s Christian Association (YWCA) of Greater Atlanta for an 11-acre property that will be used to create more affordable housing. We love supporting our
community and the housing industry through our work, especially through projects like this one.
We feel extremely lucky to have worked on many impactful projects locally and nationwide this year. Thank you to everyone who has trusted Calloway Title with your commercial real estate deals in 2023. We can’t wait to see what we can accomplish together in 2024. Visit www.titlelaw.com to work with us!