Atlanta Offices Sell for More than $250 Per SF with 90 Percent Financing

ATLANTA, GA (Feb. 14, 2012) – Bull Realty has brokered the sale of two Atlanta-area office properties to law firms.

“These transactions are good signs for the Atlanta office market,” said Michael Bull (top right photo), president and founder of Bull Realty.

 “The sales are examples of businesses buying properties for their businesses. These properties were not distressed, are in quality, strategic locations, and they sold for more than $250 per square feet. Plus the buyers received 90 percent financing – that is good news for this market.”

Andy Lundsberg (middle left photo), a vice president in Bull Realty’s Corporate Office Services group, represented The Bartlett Co., a home construction firm, in its $1.2 million sale of 1629 Monroe Drive, a 4,780-square-foot office property near Midtown Atlanta. Attorney C. Michael Johnson (lower right photo) purchased the property through his Carey Arnold Properties – Georgia LLC.

Lundsberg also represented Marjorie Knight in her $1.16 million sale of 5229 Roswell Road, a 4,435-square-foot office property located just north of Interstate 285 in Sandy Springs. John Mayoue, a nationally known family-law attorney who has appeared frequently on radio and television stations such as CNN and Fox News, purchased the property through his 5229 Roswell Road LLC.

“As closely held businesses gain confidence in the recovery, the owner-occupied or user purchases are increasing,” Michael Bull added. “With rates as low as 5 percent, and 90 percent financing and great locations available, it’s certainly a good time for companies to acquire real estate.”

Jay Letts of Maple Realty represented the buyers in both transactions.

Bull Realty Inc. is a full-service commercial real estate brokerage firm providing investment sales services throughout the nation and corporate services in the Southeast. The firm was founded 14 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.

Contact:  Stephen Ursery, sursery@wnspr.com