The property is located near downtown Atlanta, offering residents convenient access to major employers, vibrant city life, and entertainment options

AUSTELL, GEORGIA  – Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Walton Crossing, a 238-unit affordable multifamily community in the Atlanta metropolitan area of Austell, Georgia. Kairos purchased the property from the seller, an affordable housing developer located in the same area, for $34.6 million.

“We have seen the demand for high-quality, affordable housing outpace available supply throughout the country, especially in markets that attract renters due to job availability and lifestyle,” says Carl Chang, CEO and Founder of Kairos. “As a company that actively takes a proactive approach to asset management, our team is adept at identifying properties that can benefit from our value-add strategy and enhance the lifestyle of present and future renters.”

Built in 1990, Walton Crossing is nestled in the desirable Austell submarket of Atlanta and situated on 20.07 acres. Located approximately 15 miles from downtown Atlanta, the multifamily community is well within a 35-minute drive from the historic city which offers residents a myriad of employment opportunities and well-known attractions.

“We find the location of this property compelling for our firm as we target stable cash-flowing properties in strong secondary markets that offer low vacancy rates and above average population growth while being conveniently situated near major employers,” adds Chang. “Walton Crossing aligns perfectly with Kairos’ impact strategy for affordable housing communities near urban areas like downtown Atlanta, which are predicted to see a growth in the multifamily, retail, office, and restaurant sectors in 2022.”

As part of Kairos’ impact strategy, the firm will deploy ESG programs which will help conserve water and further the company’s sustainability efforts and social programs which are tailored to the needs of the residents.

Walton Crossing offers an appealing mix of one-, two-, and three-bedroom units, to which the firm plans to install washers and dryers for tenants’ convenience. The majority of the units are income and rent restricted to 60% of the area’s median income, which aligns with the firm’s mission to make affordable housing more accessible and positively impact residents’ quality of life.

The apartment community also offers  desirable interior amenities, such as fireplaces, extra storage space and a balcony or patio area, in addition to walk-in closets, energy-efficient kitchen appliances, and air conditioning units. Common area amenities are composed of a community pool, private fitness center, spacious playground, tennis & sport court, gazebo, and an adventure center with a kitchen, classrooms, and community space. The adventure center also offers a bonus amenity of a complimentary after-school enrichment programs for children of residents.

“Walton Crossing is a valuable cash-flowing asset in our portfolio, as its proximity to major medical centers and large-scale employers in a rapidly growing city positions it for stable long-term growth,” says Jonathan Needell, President and CIO of Kairos.

Walton Crossing is located at 1820 Mulkey Road in Austell, Georgia 30106.

GILBERT, ARIZONA – Hunter Contracting Co. is proud to announce that Dig Karki, P.E., has been elevated to the position of vice president.

Karki, who has been with Hunter for 12 years, was promoted from project sponsor. His new responsibilities will include focusing on maximizing Hunter’s operating performance and building strong teams with a goal to better serve the company’s clients.

Karki has worked in several roles within the company with one focus – customer satisfaction through collaboration. He continually strives for perfection, instilling Hunter’s core values: Build it Right, Accountability, Safety, Integrity, and Continuous Improvement in every project.

“Dig has excelled in every position he has held at Hunter and provides tremendous customer service to our clients,” said Hunter Contracting President Chuck English. “In addition, Dig is a great communicator that brings people together to solve problems, demonstrating the knowledge and experience to take on the challenges of our industry and help lead us in our future endeavors.”

A native of Nepal, Karki holds a bachelor of science degree in civil engineering. He started his professional career as a design engineer. Realizing that he enjoyed the construction aspects of projects, he joined the graduate program in construction at Arizona State University.

Karki graduated from ASU with a Master of Science degree in construction in 2003 and worked at numerous civil construction companies before joining Hunter in 2010. He is a member of the Arizona Parks and Recreation Association and the Associated General Contractors of America.

Away from the office, Karki enjoys spending time watching his son play soccer at one of the Valley parks he has built. Karki also enjoys traveling with his family and reading.

TUCSON, ARIZONA — Highlighted this week is 28,736-square-feet of industrial space at 2527 N. Grand Ave., Unit-A in Nogales, AZ. to LM Brokerage and Logistics, Inc handled by Jose Dabdoub and Cintya Denisse Angulo Garcia, with Cushman & Wakefield | PICOR.

The following leases were submitted to the Real Estate Daily News for the Tucson Lease Report from February 14 thru 18, 2022.

INDUSTRIAL – 2527 N. GRAND AVE., NOGALES 85621, Extended South
LM Brokerage and Logistics, Inc., leased 28,736-square-feet of industrial space from CAB Produce, LLC, located at 2527 N. Grand Ave., Unit-A in Nogales, AZ. Jose Dabdoub and Cintya Denisse Angulo Garcia, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL -4560 S. COACH DR., TUCSON 85714, South
R & G Food Services, Inc. renewed their lease with Pegasus Tucson Owner LLC for 7,383-square-feet of industrial space at 4560 S. Coach Dr., Suite. 100-110 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 3870 W. RIVER RD., TUCSON 85741, Northwest
Northwest Hospital renewed their lease of 6,400-square-feet at Marana Marketplace, 3870 W River Rd, Suite 140.  Elaina Elliott and Isaac Figueroa represented the Landlord, Larsen Baker and Jim Eaton with NAI Geis represented the tenant.

RETAIL – 6351 E. BROADWAY BLVD., TUCSON 85710, East
Eyemart Express, LLC leased 6,334-square-feet of retail space at Wilmot Plaza, 6351 E. Broadway Blvd., Suite 115 in Tucson, from DSW Wilmot Plaza, LLC. Principals, Dave Hammack and Greg Furrier with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Alan Houston with SRS Real Estate Partners-West, LLC, represented the tenant.

INDUSTRIAL – 4141 E. TENNESSEE ST., TUCSON 85714, South
Harrington Plastics Inc renewed their lease with Tic-Tac Properties, LLC for 6,000-square-feet of industrial space at Tucson Industrial Center, 4141 E. Tennessee St., Suite 121 & 127 in Tucson. Cintya Denisse Angulo Garcia, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this Transaction. Michael Petrick with Fischer & Company, represented the tenant.

INDUSTRIAL – 2015 N. FORBES BLVD., TUCSON 85745, West
Whelcon Contractors, LLC renewed their lease with Pegasus Tucson Owner LLC for 3,840-square-feet of industrial space at Broadbent Business Center, 2015 N. Forbes Blvd., Suite 101 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Eric Hutchens with Hutch Companies, LLC, represented the tenant in this transaction.

RETAIL – 3820 S. PALO VERDE RD., TUCSON 85714, South
Harbottle Brewing Company LLC renewed their lease with Pegasus Tucson Owner LLC for 3,807-square-feet of retail space at Palo Verde Business Center, 3820 S. Palo Verde Rd., Suite 102 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 2350 N. KIBLER PL., TUCSON 85712, Northeast
Mesquite Pediatrics, PC, renewed their lease with TMC Holdings, Inc., for 3,657-square-feet of medical office space located in Tucson Medical Park, 2350 N. Kibler Place in Tucson. Richard M. Kleiner, MBA, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Buzz Isaacson with Buzz Isaacson Realty, LLC, represented the tenant.

OFFICE – 5480 E. BROADWAY BLVD., TUCSON 85711, East
E & G Optical, LLC dba Eye Lab leased 3,560-square-feet at The Plaza at Williams Centre. Their new space is the north end cap of the pad building whose address is 5480 E Broadway Blvd. Eye Lab specializes in the sale of eyewear including sunglasses and regular glasses and will also offer optometry and ophthalmology services. They will open for business Fall 2022.  Isaac Figueroa with Larsen Baker represented the landlord in this transaction.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
Lexicon Medical Supply Company renewed their lease with Pegasus Tucson Owner, LLC for 3,200-square-feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 16 in Tucson. Paul Hooker, SIOR, Principal, Industrial Specialist, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction

INDUSTRIAL – 3671 E. 44^th ST., TUCSON  85713, South
Photonics Automation Specialties LLC leased 2,525-square-feet of industrial space at Dodge Business Center, 3671 E. 44th St. in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, Industrial Specialist, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1991 E. AJO WAY, TUCSON 85713, South
Ninyo & Moore | Geotechnical & Environmental Sciences Consultants, leased 2,360-square- feet of industrial space from Bobaganoosh, LLC, located in South Gate Business Park, 1991 E. Ajo Way, Building D, Condo 161 in Tucson.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1660 S. RESEARCH LOOP, TUCSON 85710, East
Carlos P. Gandara leased 2,180-square-feet of industrial space at Clairemont Plaza 1660 S. Research Loop, Suite 110 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1835 S. ALVERNON WAY, TUCSON 85711, East
MJNailz LLC renewed their lease with Pegasus Tucson Owner LLC for 2,147-square-feet of space at Midpoint Business Plaza, 1835 S. Alvernon Way, Suite 202 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3250 S. DODGE BLVD., TUCSON 85713, South
Sunbright Solar, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,965-square- feet of industrial space, at South Dodge Business Center, 3250 S. Dodge Blvd., Suite 8 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 4811 E. GRANT RD., TUCSON 85712, Northeast
Mesquite Interiors leased 1,910-square-feet at Crossroads Festival, 4811 E Grant Rd, Suite 155. Mesquite Interiors sells custom mesquite furniture, made from the finest hand selected wood. Created by fine craftsmen who have years of experience. They will open for business March 2022.  Isaac Figueroa represented the Landlord, Larsen Baker and handled this transaction.

RETAIL – 4500 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
Olga Chausovskaya renewed their lease with Pegasus Tucson Owner LLC for 1,765-square-feet of retail space at Midway Business Park, 4500 E. Speedway Blvd., Suite 36 in Tucson. Paul Hooker, SIOR, Principal, Industrial Specialist, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON  85705, Central
SD Media LLC renewed their lease with Pegasus Tucson Owner for 1,440-square-feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite A-8 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON  85705, Central
Natural Energy/Plus, Inc. renewed their lease with Pegasus Tucson Owner LLC for 1,440- square-feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 32 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3601 E. 44^th ST., TUCSON 85713, South
Direct Embroidery, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,203- square-feet of industrial space at South Dodge Business Center, 3601 E. 44th St., Suite 104 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
Shelli Industries LLC renewed their lease with Pegasus Tucson Owner LLC for 1,200-square-feet of industrial space, at Midway Business Park (Suites 22, 23, 35-55), 4500 E. Speedway Blvd., Suite 54 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3210 S. DODGE BLVD., TUCSON  85713, South
E Dry Restoration renewed their lease with Pegasus Tucson Owner LLC for 1,200-square-feet of industrial space at South Dodge Business Center, 3210 S. Dodge Blvd., Suite 5 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3220 S. DODGE BLVD., TUCSON 85713, South
Dale R. Breese renewed their lease with Pegasus Tucson Owner LLC, for 1,200-square-feet of industrial space at South Dodge Business Center, 3220 S. Dodge Blvd., Suite 9 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
Control Engineering renewed their lease with Pegasus Tucson Owner, LLC for 1,200-square- feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 93 in Tucson. Paul Hooker, SIOR, Principal, Industrial Specialist, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON  85705, Central
New Pools AZ renewed their lease with Pegasus Tucson Owner, LLC, for 920-square-feet of industrial space at Exchange Place Business Center, 1870 W. Prince Rd., Suite E-49 in Tucson. Paul Hooker, SIOR, Principal, Industrial Specialist, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 3320 E. 44^th ST., TUCSON 85713, South
Raquel L. Jimenez Insurance Agency, LLC renewed 611-square-feet of office space at South Dodge Business Center, 3320 E. 44th St. in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

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