Goddard Investment Group Acquires Overlook III Building in Vinings, GA

  

Overlook III, on Mount Wilkinson also known as Vinings Mountain, Vinings, GA

  

ATLANTA, GA – Goddard Investment Group, LLC, has acquired the 440,000-square-foot Overlook III building in Atlanta.

Robert C. Goddard III

 Situated atop the highest point inside Interstate 285, Overlook III offers skyline views from every floor. Located on Mount Wilkinson (also known as Vinings Mountain), the 21-story building’s 18 balconies and ample covered parking make Overlook III one of the top Class A office buildings in the Northwest Atlanta submarket.

 The acquisition was completed through the Goddard Value-Add Office Fund I, L.P.

 The building boasts proximity to sought-after housing in Vinings and Buckhead as well as an array of excellent restaurants and shopping within walking distance. Overlook III currently is 70 percent occupied by diverse local, regional and national tenants.

 “Like many people in Atlanta, I have always believed this is one of the highest quality buildings in the city,” said Robert C. Goddard, III, chairman and CEO of Goddard Investment Group.

“The design and prominent location of Overlook III make it unique. We are excited to improve this great asset and reintroduce it in the coming months with major improvements to the public spaces and amenities.”

 Building on Overlook III’s quality infrastructure, Goddard will begin a substantial renovation and repositioning program to re-establish the building as a contemporary, best-in-class asset. Plans call for improvements to the public areas, including the lobbies, elevators, water feature and landscaping.

 Goddard Value-Add Office Fund I, L.P. is a commingled, institutional fund sponsored by Goddard Investment Group, which was founded in 2000 and is headquartered in Atlanta with a regional office in Dallas. The company has acquired and managed more than 9 million square feet of commercial property and currently has investments in Atlanta, Dallas, Houston, Miami and Tampa.

  

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

Rachel Tobin

rtobin@jacksonspalding.com

(404) 724-2501