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| 390 Brogdon Road, Suwanee, GA |
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| Denton Shamburger |
ATLANTA, GA– Lincoln Property Company Southeast (Lincoln)
has closed the sale of 390 Brogdon Road, a two-building office/warehouse
complex totaling 16,740 square feet in Suwanee, Ga.
Lincoln was the court-appointed receiver for the property,
and Denton Shamburger, vice president of industrial leasing at the firm,
closed the sale at a purchase price of $825,000 on behalf of the owner and
lender. Residential home builder Home South Communities purchased the property.
The nearly 4-acre
complex, built in 2000, consists of a 9,000-square-foot warehouse and a
7,740-square-foot office building. The warehouse includes private offices, two
docks and oversized roll-up doors. The office building includes multiple
conference rooms, a break room and large work areas in addition to private
offices.
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| Tony Bartlett |
“The industrial real
estate market in Atlanta continues to improve, and we encountered a significant
level of interest in this property,” said Tony Bartlett, senior vice
president for Lincoln who oversees the firm’s Atlanta office.
“Furthermore, the
residential home market is making a strong recovery in the metro area, and this
property will serve Home South well as construction ramps up in and around the
city.”
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
404-405-2354
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