Developed from 1986 to 1990, the office park has been well maintained and features attractive landscaping across the campus. It includes a small park area for tenants, as well as customized monument signage that provides a unified, sophisticated image throughout the property.

“This is an excellent time to be purchasing an office park in the Atlanta metro area,” says Morgan. “We're seeing strong job growth and increased leasing activity throughout the area. There's a lot to be excited about here.”

The office property is in the Gwinnett Place Opportunity Zone, which offers incentives to employers. It is also close to a number of outstanding neighborhoods, schools and amenities, including Sugarloaf Mills and Gwinnett Place Mall.

IBM is the office park's largest tenant, leasing 50,000 square feet. The office park currently is 70% leased, but that number is expected to grow.

With slowing office space construction, it's more competitive on the acquisition front. The gap between industrial and office employment—more than 150,000 jobs—is wider today than ever before in Atlanta, according to Tony Bartlett, an executive vice president of Lincoln Property Company. (Wondering how Atlanta ranks among office growth markets? Here's the skinny.)

“This intensifying shift has driven significant demand for office space, as you can imagine,” Bartlett says. “Yet Atlanta has seen little construction activity since 2010 compared to prior periods.”

ATLANTA—3100 Breckinridge Boulevard in Duluth has traded hands. The sale price: $19 million

TerraCap Management purchased the office complex. The seller was HQ Capital Real Estate of New York on behalf of TRIUVA. Matt Tritschler and Steve Morgan, then principal at Avison Young who is now with NGKF, along with Stephanie Marino, senior vice president at the firm, brokered the sale.

“This office park attracted considerable interest from investors eager to invest in a Class A office park in an excellent location,” says Tritschler. The office park features six single-story buildings and a 75,000-square-foot three-story executive building. The office property contains just over 250,000 square feet on nearly 30 acres.

“We feel this acquisition fits well with our overall strategy but also compliments other holdings we have in the area,” says Steve Good, director of acquisitions for TerraCap Management. The office park is 20 miles northeast of Downtown Atlanta, 10 miles northeast of Interstate 285, and just east of the interchange at Interstate 85 and Pleasant Hill Road. (Atlanta's office market is feeling the pain of massive move outs. Read more here.)

Developed from 1986 to 1990, the office park has been well maintained and features attractive landscaping across the campus. It includes a small park area for tenants, as well as customized monument signage that provides a unified, sophisticated image throughout the property.

“This is an excellent time to be purchasing an office park in the Atlanta metro area,” says Morgan. “We're seeing strong job growth and increased leasing activity throughout the area. There's a lot to be excited about here.”

The office property is in the Gwinnett Place Opportunity Zone, which offers incentives to employers. It is also close to a number of outstanding neighborhoods, schools and amenities, including Sugarloaf Mills and Gwinnett Place Mall.

IBM is the office park's largest tenant, leasing 50,000 square feet. The office park currently is 70% leased, but that number is expected to grow.

With slowing office space construction, it's more competitive on the acquisition front. The gap between industrial and office employment—more than 150,000 jobs—is wider today than ever before in Atlanta, according to Tony Bartlett, an executive vice president of Lincoln Property Company. (Wondering how Atlanta ranks among office growth markets? Here's the skinny.)

“This intensifying shift has driven significant demand for office space, as you can imagine,” Bartlett says. “Yet Atlanta has seen little construction activity since 2010 compared to prior periods.”