Over the course of a six month span in 2016, Adam Katz and Bill Berg represented a Florida based investor in the acquisition and purchase financing of The Enterprise Mill, an approximately 9 acre historic residential, office and retail complex located astride the Augusta Canal in Augusta, Georgia. Adam and Bill guided the client through all stages of the transaction from the negotiation of the purchase and sale agreement through due diligence, and ultimately the financing and closing process. The Enterprise Mill, which includes an in service hydroelectric turbine (operating under a federal permit) that provides electricity for the operation of the building, is one of Augusta’s prime historic landmarks. Originally opened in 1848 as a flour mill, the Mill was used over time for a variety of manufacturing ventures, but primarily for cotton cloth manufacturing. In 1923, the Graniteville Company acquired the Mill and operated it as a textile mill until 1983, when the Mill ceased operating and closed. The property remained vacant until 1998, when local developers re-purposed the property and structures into professional business offices, residential loft apartments, inviting outdoor courtyards often used for a wide variety of events, and retail space.
