ATLANTA—Lakeside Office Park, a nearly 400,000-square-foot office complex in Atlanta's Central Perimeter submarket, has traded hands. Crocker Partners grabbed the five-building office asset for $40 million.

Lincoln Property Company Southeast teamed up with CBRE to broker the sale of the asset. Tony Bartlett and Chip Sipple of Lincoln and Jay O'Meara, Will Yowell, and Ryan Reethof of CBRE represented the seller, MLGP Lakeside, a subsidiary of MetLife.

Lakeside Office Park is entitled for up to 700,000 square feet of office space, 520 apartment units, and 8,000 square feet of retail space. Lakeside's location in the increasingly strategic Central Perimeter submarket, coupled with its value-add potential for leasing and future development, garnered significant interest from the investment community.