News
ACKERMAN BUYING MARIETTA MOB
January 25, 2011
| Ackerman & Co's medical real estate division is branching out intoacquisition mode with a major purchase in Marietta. | |
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| The firm is purchasing Marietta Medical, a 99k SF medical office building at 790 Church S for $10.1M, or about $102/SF. Ackerman, which has largely focused on new medical development this past decade (including the first medical mixed-use project in Atlanta, Perimeter Town Center) purchased the half-leased facility out offoreclosure from State Farm. We snapped Transwestern's Kevin Markwordt making the announcement (he was the investment sales broker) during Ackerman's annual investor conference yesterday evening at the Capital City Club downtown. Ackerman's Chadd Evans spearheaded the acquisition for the company. | |
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| Lots of little bits of news were announced during the conference. We caught CB Richard Ellis' Will Yowell as he announced that his team is bringing the LaSalle Select portfolio to market; it's a four-building, 400K SF office collection in Peachtree Corners, 95% occupied, with 6.3 years on average left on its lease term. ?It's got stability to it,? Will told the audience of more than 100 CRE pros. He expectspricing for the suburban office portfolio to fetch between $145 to $150/SF. More coverage of the Ackerman investor conference tomorrow. | |
