Alex Brown, a privately owned real estate investment manager, provided equity financing of $4.2 million to the venture. The two-building, 20-year-old property is at 1080 Holcomb Bridge Road, adjacent to GA 400, a major north-south artery in the metro Atlanta area. The deal was the fourth joint venture between the two firms.
"For more than 30 years, our strategy has been to develop a strong network of local operators who understand their market and provide a consistent source of deal flow," says John Prugh, president and CEO for Alex Brown.
Alex Brown Realty's senior vice president Peter Bancroft adds: "With strong job growth and limited new office construction coming on line, we expect to see solid tenant demand in the Atlanta office market."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
