Jamestown has announced its acquisition of the Atlanta subsidiary of North American Properties (NAP), a Cincinnati-based company. The subsidiary, which currently manages $2 billion in assets as of June 2024, specializes in owning and operating mixed-use properties in growing suburban markets across the Eastern U.S.
As part of this deal, Jamestown’s affiliate will also invest in several retail centers located within the Atlanta area. These include Colony Square (Atlanta, Georgia), The Forum Peachtree Corners (Peachtree Corners, Georgia) and Avenue East Cobb (Marietta, Georgia). Additionally, three out-of-state lifestyle centers were included as part of this transaction.
Upon completion of the deal, all assets and operations under NAP’s Atlanta-based platform will be rebranded under Jamestown—including its team consisting of over 200 employees.
Founded back in 1996 with a focus on achieving high returns through strategic development opportunities , NAP’s boutique approach has allowed them to build an impressive portfolio comprised mainly by lifestyle destinations that have been revitalized through experiential redevelopment projects.
