Gwinnett Tower Sold
While we were all schmoozing, Cushman & Wakefield's David Meline, Stewart Calhoun,and Samir Idris were out selling an office building. Biscayne Atlantic—in a JV with Red Starr Investments and PointOne Holdings—purchased Gwinnett Commerce Center, a 214k SF Duluth building. Parmenter Realty Partners sold it for $20.5M, or about $96/SF, according to Databank.
Cushman & Wakefield's Aileen Almassy, Biscayne's Ben Small, David Garfinkle and Craig Sternberg, and C&W's Andy Sumlin in the shadow of Biscayne's newest purchase. Andy and Aileen have been tapped to lease and manage the tower while it undergoes unspecified capital improvements.