South Carolina Investor Makes Second Atlanta Office Buy In Year
A South Carolina office investor has secured its second helping of Atlanta office after entering the metro market earlier this year.
RealOp Investments purchased The Corners Parkway, a four-building, 291K SF office park in Peachtree Corners, an affluent suburb more than 20 miles north of Downtown Atlanta. Glenfield Capital sold the property for $31.5M, Commercial Property Executive reported. CBRE's Tom Shafer and John Hinson brokered the sale.
The property recently underwent a $6.8M renovation that updated the roofs, lobbies and common areas, as well as installing electric car charging stations.
In May, RealOp purchased the Breckinridge Office portfolio, a three-building, 560K SF office park in Duluth, CPE reported. That purchase represented RealOp's entry into the Atlanta market.