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Atlanta Commercial Real Estate

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.

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