Walton Global Sells Three Land Parcels for Residential, Commercial Use Near Atlanta
Asset management and global real estate investment company Walton Global made two sales within the 64-acre Parkside Master Planned Community, located just northeast of Atlanta. This community sits near Statham, Ga., in Barrow County.
The first parcel, sold to Hillpointe LLC, consists of 20 acres that can support up to 284 multifamily units. The second parcel, sold to D.R. Horton, consists of 36 acres or approximately 140 lots intended for the construction of single-family homes. A third parcel consisting of nearly eight acres of land slated for commercial use is also being sold.
“Walton Global is always pleased to support the increasing growth in the outer-Atlanta area,” said Anthony Sparrow, executive vice president of real estate for Walton Global, a sponsor of private placement investments. “The ability to provide land helps to promote housing solutions and build sustainable communities for many years to come.”
The Parkside Master Planned Community is located along US-316, which connects Lawrenceville with Athens. It provides convenient access to Atlanta and I-85 and boasts 1,000 feet of frontage on Tom Miller Road and 600 feet of frontage on Roxey Maxey Road. The property is in proximity to Apalachee High School, Haymon-Morris Middle School, Yargo Elementary School, and Cadence Academy Preschool. Previous housing developments in the area by D.R. Horton feature amenities such as swimming pools, playgrounds, dog parks, and nature trails.
Barrow County has restructured zoning regulations for this community, allowing for the establishment of a high-density residential zone supported by a special use Master Planned Development designation to promote a diverse mixed-use community. This re-zoning helps promote the development of single-family homes, multifamily residences, and neighborhood commercial spaces.
The U.S. Census Bureau reports an estimated population of 92,792 in Barrow County as of July 2023, which is a nearly 4% increase year over year. Walton Global says its investments within the region further support this expansion.
Walton Global is a privately-owned, leading land asset management and global real estate investment company with more than 91,000 acres of land under ownership, management and administration in the United States and Canada, totaling $3.3 billion. With more than 45 years of experience, Walton has a proven track record of land investment projects within the path of growth in the fastest-growing metropolitan areas. A total of $2.3 billion has been distributed to investors located in 83 countries. The company works closely with top U.S. home builders, developers and industry partners. Business lines include exit-focused pre-development land investments, builder land financing, development projects, a DST offering, build-to-rent and various fund structures. For more information, visit walton.com.
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