 |
1000 Parkwood in Atlanta's Cumberland/Galleria office submarket
|
 |
| Jay O'Meara |
ATLANTA (June 7, 2013) – Atlanta Property Group, a locally
based real estate investment firm, said today it has closed on its acquisition
of 1000 Parkwood, a 212,565-square-foot office building in the heart of
Atlanta’s Cumberland/Galleria submarket.
The 10-story, LEED
Gold-certified building at 1000 Parkwood Circle in Cobb County is located just
northeast of the intersection of I-285 and I-75. Built in 1985, the recently
renovated building is 87 percent leased.
 |
| Justin Parsonnet |
Jay O’Meara,
Justin Parsonnet and Will Yowell of CBRE represented the seller in
the transaction, the terms of which were not disclosed.
“1000 Parkwood is a
perfect fit for our portfolio of well-located, value-oriented properties that
provide tenants with high-quality office space at outstanding prices,” said
Court Thomas, an Atlanta Property Group partner. “With its easy access to all
parts of metro Atlanta, this is an immensely appealing facility.”
 |
| Will Yowell |
1000 Parkwood marks
the eighth acquisition completed by Atlanta Property Group since mid-2010; the
acquisitions total 1.6 million square feet.
Two of the other properties
purchased in that timeframe also are in the Cumberland/Galleria submarket: the
124,000-square-foot 280 Interstate North and the 70,000-square-foot Paces
Cumberland.
 |
| Austin Chase |
The purchase of 1000
Parkwood follows Atlanta Property Group’s recent acquisition of the
535,000-square-foot Northcreek Office Park in Buckhead. .
The 1000 Parkwood
transaction brings Atlanta Property Group’s portfolio to 2.9 million square
feet in 16 properties. “We are continually seeking future investment
opportunities across the metro Atlanta area,” Thomas said.
 |
| Josh Baine |
Austin Chase,
Atlanta Property Group’s Director-Leasing, and Josh Baine, will handle
leasing for 1000 Parkwood.
For a complete copy
of the company’s news release, please contact:
Tony Wilbert
The Wilbert Group
404-254-1487 (O) 404-405-3656 (C)
No comments:
Post a Comment