FCP, Westbridge Partners sells mixed-use project to Clarion Partners

FCP and developer Westbridge Partners have sold Stockyards Atlanta, the joint-venture adaptive renovation of three historic warehouses in Atlanta’s West Midtown submarket, to Clarion Partners for $69.7 million.

“We are incredibly proud of Stockyards Atlanta, a project that preserved the last of the historic buildings that made up the Miller Union Stockyards,” said Chris Faussemagne, who co-founded Westbridge Partners, which has since merged with Third & Urban. “Clarion Partners is the ideal owner, as they have experience with adaptive re-use projects and the West Midtown submarket as owners of the Westside Provisions District.”

Stockyards Atlanta is on three acres on the corner of 10th Street and Brady Avenue in the Upper Westside of Midtown Atlanta. Initially built in the early 1900s as a stockyard and meatpacking plant to serve Atlanta’s growing population, the project is steeped in more than 120 years of history. In 2017, the joint-venture partners