The price equates to $149.87 per sf, about equal to the replacement cost of a class A office property, area construction industry estimators tell GlobeSt.com.
The 100,087-sf class A, seven-month-old asset is fully leased to New York-based Novartis Corp. through July 2011. Technology Park/Atlanta Inc. developed the property.
Resource Real Estate Partners brokered the sales transaction. Located at 11695 Johns Creek Parkway in the North Fulton/South Forsyth County area, the property is situated on 7.6 acres within the Johns Creek Park complex.
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