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UNDISTRESSING SALE

UNDISTRESSING SALE

A distressed real estate player has grabbed another Atlanta office building.

 
UNDISTRESSING SALE

An investment group partially funded by Atlanta-based Resource Real Estate has purchased 11450 Technology Circle, a 143K SF single-tenant office building in Johns Creek for $4.3M, or a little more than $30/SF. CBRE's institutional group of Jay O'Meara, Will Yowell, and  Justin Parsonnet brokered the sale from an undisclosed CMBS special servicer. Resource's Brad Smith  tells us that this is a product in a submarket the company understands. It was originally the offices of AnTec, which vacated, and it has remained empty since, Brad says. TPA will handle the management and leasing.

WASHINGTON DC 03.09.2017

TYSONS 2017 UPDATE

Building America's Next Great City

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