JLL has actually organized the $9.3 million sale of 316 Organization Facility, a four-building light commercial park totaling 98,306 square feet in the Atlanta-area neighborhood of Lawrenceville.
The building was built in between 1988 and 1996 and features vehicle parking for higher workplace surface tenants. The buildings were recently refurbished and are presently 78% rented to 22 tenants. Situated at 1000 Hurricane Shoals Rd., 316 Organization Facility is in the 1,500-acre Gwinnett Progress Facility, which works as the logistical keystone between Atlanta and Athens.
Dennis Mitchell, Matt Wirth, Britton Burdette and Crosby Taylor of JLL stood for the vendor, Sperry Equities, in the transaction. The purchaser was a collaboration in between Elmo Enterprises and also Tall Pines Resources.
“Top notch, well-located and well-parked versatile commercial space suitable for the smaller sized occupant is in very strong demand,” claimed Mitchell. “The high expense to replicate has actually restricted building and construction in this cycle causing short supply, raising rents, and also raising values.”
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David Cohen is Southeast Content Director at Link Commercial Realty. David is a media veteran with greater than ten years of experience in journalism, copywriting and interactions throughout a selection of functions.
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Released at Thu, 25 Mar 2021 21:30:46 +0000