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Hanover pays $12.2 million for a Duluth office site, plans 305 apartments

A demolished office building near the Gas South District becomes one of Gwinnett's priciest recent land trades.

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AI editorial concept showing torn-paper views of a low-rise office building, mid-rise apartment buildings, mature trees, a public green, sidewalks, and people outdoors.AI IMAGE — NOT AN ACTUAL PHOTO OR PROJECT RENDERING
Extent of the nearly 8-acre property set to become Hanover Sugarloaf along Satellite Boulevard in Duluth.
Project contextExtent of the nearly 8-acre property set to become Hanover Sugarloaf along Satellite Boulevard in Duluth.SSG Realty Partners, Ackerman & Co

Published Jul 26, 2026

Houston-based Hanover Company paid $12.24 million, brokers say one of the highest land prices in Gwinnett County this year, for a 7.86-acre office site at 1855 Satellite Boulevard in Duluth, across from the Gas South District. SSG Realty Partners' David Branch and Ackerman & Co.'s John Speros represented seller SP Sugarloaf LLC.

Hanover is demolishing the existing 56,000-square-foot office building to build Hanover Sugarloaf, 305 Class A garden-style apartments within walking distance of the Kroger-anchored Sugarloaf Parkway Shopping Center. The project is still in pre-development, with no completion date announced and no renderings released yet.

LocationDuluth (1855 Satellite Blvd)
JurisdictionCity of Duluth
Scale305 units on 7.86 acres
TimelinePre-development; demolition underway
WhoHanover Company
LinksHanover Company
Sources and documents3 sources
↗ Urbanize Atlanta↗ costar.com↗ Gwinnett Daily Post

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