Tuesday, December 31, 2013

Bull Realty Brokers Sales of Three Office Properties in Metro Atlanta

3050 and 3060 Royal Boulevard South, Alpharetta, GA

Casey Keitchen
ATLANTA, GA (Dec. 31, 2013) – In separate transactions, Bull Realty has brokered the sales of three metro Atlanta office properties. The properties, which are located in Acworth, Ga., and Alpharetta, Ga., total more than 78,000 square feet.

• SugarOak Investors acquired 3050 and 3060 Royal Blvd. South in Alpharetta for $3.9 million. The two office buildings total 60,352 square feet and have a combined occupancy rate of 70 percent. Tom Shafer and John Hinson of CBRE represented the seller, KR Office Investors LLC, and Casey Keitchen, a vice president in Bull Realty’s National Office Group, represented the buyer.

• An Israeli-based investor purchased the 18,000-square-foot Building 800 in the office park located at 4900 Ivey Rd. in Acworth for $960,000. In partnership with the FDIC, a regional bank sold the property, which has an occupancy rate of 50 percent. Keitchen represented the sellers in the transaction.

4900 Ivery Road, Acworth, GA
 “These sales are an example of investors’ increasing interest in suburban product as they search for opportunities to increase yield,” Keitchen said.

 “Investor interest has continued to increase throughout 2013 for both distressed and stabilized office product alike. As 2014 gets underway, we expect to see office investment sales activity continue to accelerate for both core and value-add opportunities like these.”

Bull Realty Inc (www.BullRealty.com) is a U.S. commercial real estate sales and consulting firm headquartered in Atlanta. The firm was founded 16 years ago with two primary missions: 1) to provide a company of stellar integrity and reputation, and 2) to provide the best commercial real estate marketing in the nation.

 For a complete copy of the company’s news release, please contact:

Savannah Duncan • The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
O: 404-343-0870  • M: 404-901-4433

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