ATLANTA, GA (July 30, 2012) – Atlanta Property Group, a locally based real estate investment firm, said today it has closed on its acquisition of 1190 West Druid Hills Drive (top left photo), an office building in the Druid Chase Office Park.
The four-story building at 1190 West Druid Hills Drive at I-85 and North Druid Hills Road comprises 80,249 square feet. The property is adjacent the office building at 2801 Buford Highway, which Atlanta Property Group acquired in 2011.
APG’s newest asset, 1190 West Druid Hills Drive offers great access to I-85 and is proximate to Buckhead and Midtown.
Over the next year, Atlanta Property Group will invest $125,000 to renovate the building’s common areas and attract new tenants.
APG will compete aggressively for tenants and has ample capital available for tenant improvements and leasing commissions.
Atlanta Property Group acquired 1190 West Druid Hills Drive from Duke Realty. Terms of the transaction were not disclosed.
APG has tapped Austin Chase and Kirven Brantley of Lavista Associates to market and lease 1190 West Druid Hills Drive. They can be reached at 770-448-6400.
For a complete copy of the company’s news release, please contact:
Tony Wilbert
Wilbert News Strategies
404-965-5022 (O)
404-405-3656 (C)
No comments:
Post a Comment