Walton Global, a leading asset management and global real estate investment company, is pleased to announce the successful sale of 58.9 acres out of the 184-acre Sugarloaf Crossing Master Plan located in Gwinnett County, Georgia. The parcel was sold to an Atlanta based homebuilder that plans to use this opportune parcel to develop a variety of housing options. Subsequent to this sale, a substantial distribution to investors in Walton U.S. Land Fund 2, LLC will be distributed on December 27th.
“We are excited to have closed the initial acreage at Sugarloaf Crossing to jump start development,” said Anthony Sparrow, Executive Vice President of Real Estate for Walton Global. “The purchaser is a renowned developer in the market with a reputation for high quality residential communities. These initial phases will provide badly needed residential units in what is a thriving Gwinnett County market.”
With the area’s increasing job market and population growth, the development of this site will make an important contribution by providing new housing options to meet the significant demand. The neighborhood is in a notable location for those commuting, as it is conveniently situated within proximity to the intersection of Georgia State Route 316 (SR-316) and US Route 29 (US-29) – the two major arterial highways in the area. This provides residents with the advantage of quick access to the nearby cities of Atlanta, Lawrenceville, Dacula and Athens.
“The site’s location and access to major highways is a crucial element and a huge reason as to why we saw potential in this parcel of land,” said Anthony Sparrow. “With this sale, we look forward to continuing our participation in the growth of this Gwinnett market segment as the expansion of infrastructure brings additional job growth.”
Opportunity remains within the Sugarloaf Crossing Master Plan, with 125 acres of land still available. The territory benefits from high visibility due to approximately 4,000 feet of frontage along SR-316 and 800 feet of frontage along US-29. Additionally, the Master Plan is located less than one mile west of the current terminus of the Sugarloaf Parkway Extension at SR-316.
Gwinnett County is the second largest county in Georgia and one of the fastest growing counties in the state. Walton Global currently manages nearly 11,500 acres of land in the state of Georgia and the company continues to seek out regional opportunities to work with developers to create sustainable communities that stand the test of time and support the growing population.