Veribas to Acquire Prime .5 Acre C1 Property near Entrance of Tyler Perry's New Fort Mac Development in SW Atlanta
Atlanta, GA, October 11, 2023 — Veribas, a leading real estate development and investment company, is pleased to announce its forthcoming acquisition of a strategic .5-acre C1 property situated near the entrance of the highly anticipated Fort Mac development in Southwest Atlanta. This acquisition underscores Veribas' commitment to contributing to the growth and transformation of this thriving community.
The Fort Mac development project, nestled in the heart of Southwest Atlanta and owned by prominent visionaries Tyler Perry and T.D. Jakes, spans an impressive 96 acres. This expansive project is set to include 105,000 square feet of commercial and retail spaces, 36,000 square feet dedicated to restaurants and food services, 84,300 square feet of office space, and 85,000 square feet of senior living facilities. It is a testament to the vision and dedication of its esteemed owners, who are deeply committed to uplifting the community.
Veribas is well-regarded for its commitment to urban development and community engagement. This acquisition will mark another significant step in Veribas' mission to enhance the quality of life for the residents of Atlanta by creating exceptional spaces that cater to the diverse needs of the community.
Key highlights of the acquisition:
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Strategic Location: The .5-acre C1 property's location near the entrance of the Fort Mac development ensures it will be a cornerstone for community engagement and economic growth.
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Community-Centric Development: Veribas is dedicated to developing this property with a deep focus on community needs, creating a welcoming and inclusive space for residents and businesses alike.
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Economic Catalyst: Veribas recognizes the economic potential of this acquisition, aiming to contribute to the region's growth by attracting new businesses, creating job opportunities, and fostering innovation.
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Sustainability Commitment: Veribas remains committed to sustainable development practices, ensuring that the project aligns with the broader sustainability goals of the Atlanta community.
Veribas' Owner, Ahsan Charania, expressed enthusiasm for this acquisition, stating, "We are excited to be a part of the Fort Mac development, and we are committed to delivering a project that aligns with the vision of a thriving and inclusive community. This acquisition represents a significant step in Veribas' ongoing commitment to the Atlanta region."
The acquisition is pending necessary approvals and is expected to be finalized in the coming months.
About Veribas:
Veribas is a respected real estate development and investment company with a passion for enhancing communities and creating exceptional spaces that cater to diverse needs. With a strong focus on sustainability and community engagement, Veribas has a proven track record of transformative urban development projects. Learn more about Veribas at www.veribas.com
About Fort Mac:
The McPherson Implementation Local Redevelopment Authority (Fort Mac LRA) is a local government authority created by the State of Georgia, entrusted with catalyzing growth by ensuring the quality reuse and redevelopment of the former Fort McPherson Army Base in southwest Atlanta. Its board of directors, nominated by the Mayor of Atlanta, the Mayor of East Point, the Fulton County Commission, and the Governor of Georgia, provides leadership as the LRA works with partners to redevelop the property to achieve its economic development mandate.
For media inquiries, please contact:
Ahsan Charania, Owner
Veribas
media@veribas.com
