His 150,000-sf Gates at McGinnis Ferry sold out 12 months after opening last year. Now Minchew has opened The Gates at Laurel Springs, a 152,370-sf, 14 -building, $22.5 million venture in suburban Alpharetta, GA, 30 miles north of Downtown Atlanta.
His Minchew Enterprises Inc. already has sold two of the properties, a 10,490-sf building and a 16,980-sf structure. Minchew declines to disclose the selling price until the assets close in April.
But brokers familiar with the Alpharetta submarket tell GlobeSt.com on condition of anonymity the properties will each probably go for about $1.5 million. That equates to about $142.99 per sf and $88.34 per sf respectively.
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