Our News
June 25, 2026
Ackerman & Co., Gable Land Co. and SSG Realty Partners Broker Land Sale for 305-Unit Hanover Sugarloaf Multifamily Project in Duluth, GA
7.86-acre parcel on Satellite Boulevard sells for $12.44 million
ATLANTA, JUNE 25, 2026 – Hanover Company has purchased a 7.86-acre parcel fronting on Satellite Boulevard and Sugarloaf Parkway in Duluth, Ga., for its planned Hanover Sugarloaf, a 305-unit multifamily project. John Speros and JT Speros of Ackerman & Co., Kyle Gable of Gable Land Co. and David Branch of SSG Realty Partners represented the seller, SP Sugarloaf LLC.
The property is located across Sugarloaf Parkway from the 118-acre Gas South District, anchored by the 12,000-seat Gas South Arena, and is adjacent to – and shares access with – the Kroger-anchored Sugarloaf Parkway Shopping Center.
Hanover Company will demolish the 56,000 square foot vacant one-story office building located at 1855 Satellite Boulevard to develop the 305 multifamily units in four- and five-story buildings with surface parking.
“This project is a complement to the ongoing development of the Gas South District, as Hanover builds high-end Class A apartments. The project is unique with its pedestrian access to Kroger and many other retail and entertainment establishments,” said John Speros, Senior Vice President, Ackerman & Co.
Ackerman and SSG have represented the seller in the sale of several other sites, including over $50 million of land for ALTA Porter, 290 multifamily units with 18,000 square feet of retail on Peachtree Road in Brookhaven; and Elysee, a 50-story, 100-unit condominium project on Biscayne Bay in Miami.
Headquartered in Houston, Hanover Company specializes in the development nationwide of high-quality residential and industrial properties, with a history of developing more than $19 billion in projects and 70,600 residential units.
About Ackerman & Co.
Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services across the South. The company, founded in 1967, retains an expert team of 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 44 million square feet of office, medical, industrial, retail and mixed-use space, has 7 million square feet under management, and maintains an investment portfolio valued at over $1 billion.