Eric Smith and Swan Nicolson Arrange $16.3 Million Sale of Porterdale Mill

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October 3, 2017

Eric Smith and Swan Nicolson Arrange $16.3 Million Sale of Porterdale Mill

PORTERDALE, GA – October 4, 2017 – NAI Brannen Goddard, a leading provider of commercial real estate services, recently brokered the sale of Porterdale Mill, a 194,853 SF planned mixed-use development located at 1000 & 2000 Main Street in Porterdale, Newton County, Georgia.

NAI Brannen Goddard represented the seller in the 194,853 SF transaction. The property was purchased by TriBridge Residential for $16,299,900, or $103.49/SF.

The Porterdale Mill is an adaptive new use of the Textile Mill and Cotton Warehouse facilities, which originally opened in 1899. The historic mill village overlooks the Yellow River and has 154 loft-style apartments, restaurants, outdoor recreation and retail spaces. The city of Porterdale is located 35 miles east of Atlanta between Conyers and Covington in Newton County, Georgia.

NAI Brannen Goddard Vice President Eric Smith and Senior Associate Swan Nicolson led the sales team in this transaction.­­