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| 1605 Chantilly Drive, Atlanta, GA |
ATLANTA, GA– Lincoln Property Company Southeast has brokered
the $3.1 million sale of Venture Center, a three-story, 39,185-square-foot
office building at 1605 Chantilly Drive in Atlanta.
Hunter Henritze,
Michael Howell and Chip Sipple of Lincoln Property Company Southeast
represented the seller, CRM Properties LLC, in the transaction, while Wyatt
Realty Company represented the buyer, Wyatt Family Partnership LP.
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| Hunter Henritze |
Located between
Atlanta’s Buckhead, Midtown and Emory areas, Venture Center is fully leased.
Children’s Healthcare of Atlanta is the anchor tenant and in
the fall of 2012, the firm renewed and expanded its lease to a total of 33,000
square feet through Lincoln’s leasing efforts. The building has signage and
direct visibility from I-85 just north of the Lenox Road/Cheshire Bridge
intersection and one mile south of North Druid Hills Road. .
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| Michael Howell |
“Our team at Lincoln
did an outstanding job managing, leasing and executing the disposition of
Venture Center,” said Tony Bartlett, senior vice president of Lincoln
Property Company Southeast.
“The execution by
our team to take a bank-owned asset and quickly increase the occupancy from 63
percent to 100 percent occupancy while identifying a qualified buyer able to
execute a year-end close couldn’t have been scripted better.
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
404-965-5026
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