Category
Atlanta
-
September 27, 2007Wesley Paces Apts. Sold for $27M
Atlanta
Triple Net Properties LLC purchased the Wesley Paces apartments located at 4300 Jimmy Carter Blvd. in Norcross, Georgia for $26.79 million, or approximately $103,038 per unit.Wesley Paces was delivered in 2001 and includes 260 units in 10 buildings spread out on a 22-acre lot. The complex features a clubhouse, lagoon-style pool, fitness center, car wash, a conference room, and a 1.8/1000 parking ratio. The property was 92% leased on average at the time of sale.
Kevin Geiger of CB Richard Ellis handled the sale to Triple Net Properties LLC. The seller was Euramex Management Group.
-
September 20, 2007Gwinnett Pro. Center Sold for $9.3M
Atlanta
NNN Healthcare/Office REIT, Inc. purchased 601-A Professional Drive in Lawrenceville, Georgia for $9.3 million, or about $155 per square foot.The Gwinett Professional Center, a 60,040-square-foot class B medial office building, recently underwent improvements of more than $100,000. The property was 73% occupied at the time of sale.
Matthew Levin, CCIM and Michael Kuras of Sperry Van Ness represented the seller. NNN Healthcare/Office REIT, Inc. was represented in-house.
-
September 17, 2007Excel Logistics Leases 585,000 SF
Atlanta
Excel Logistics signed a 5-year lease for 585,000 square feet of class A industrial space at 200 Blairs Bridge Road in Lithia Springs, Georgia. The company will occupy all of Building 200 effective in October.The building is part of the Terminus West Business Park developed by First Industrial Realty Trust, Inc. The property will feature 80 loading docks, two drive-in doors, 32′ clear heights, and ESFR sprinkler systems. Excel Logistics will use the space for warehousing and distribution.
Marty Arnold of Colliers Spectrum Cauble, Inc. represented Excel Logistics. Greg Haunes, Todd Barton, and Rachel Glaser of CB Richard Ellis represented by First Industrial Realty Trust, Inc.
recent articles
- Manhattan Tower Sells for $1B
- 280 Park Avenue Sold For $1.28B
- Germans buy the Rookery for $73M
- Professional Packaging Systems Leases 104,000SF
- Surface Guard Leases 107,000SF
-
Markets
-
Archives
-
Syndication
