Search
 

Glenborough to Sell Ashford Perimeter Property for $40M

ATLANTA-San Mateo, CA-based Glenborough Realty Trust has put the six-story, 289,000-sf Ashford Perimeter building on the block for an estimated $138 per sf. It is 89%-leased and within easy access of the Ashford Dunwoody exit ramp from I 285.

By Marita Thomas | Updated on July 08, 2002

ATLANTA-The six-story, 289,000-sf Ashford Perimeter office building near the Perimeter Mall is up for sale. It is owned by San Mateo, CA-based Glenborough Realty Trust. Bedminster, NJ-based Verizon Wireless is the anchor tenant, and the building is 89% occupied.

The property is expected to sell for approximately $40 million or about $138 per sf, Mike McDonald and Randy Evans of Eastdil Realty Co. tell GlobeSt.com. The asking rental rate for class-A office space in the Ashford Dunwoody area outside Atlanta averages about $21 per sf, according to GlobeSt.com research.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.