ATLANTA—North Point Center East, a class A four building office complex in the city's North Fulton submarket, has traded hands for $92.2 million. Accesso Partners acquired North Point Center East from its developer-owner.

"With three assets in the city, Atlanta is a market we definitely pay close attention to," Ariel Bentata, Accesso's co-founder and managing partner of Investments, tells GlobeSt.com. "Atlanta is a leader in terms of most fundamentals we look for. It is number one in job growth, is the number one destination for recent college graduates, and has a low cost of doing business."

Located next to the North Point Mall, the 540,137-square-foot master planned suburban office development sits on close to 33 acres. The project is 88% occupied.

"Alpharetta is becoming a significant technology center," says Bentata. "With 10 million square feet of absorption since 2012 across the entire market, we think Atlanta has turned a page as it moves forward in becoming a more dynamic economy. Atlanta mimics the overall economy and is not sector dependent on any one industry. We believe Atlanta looks poised to continue benefiting from these and other positive macro trends."

Accesso will handle property management for the entire office complex. The firm's managing director for asset management, Patricia Morris, and its director of asset management for the Southeast and Midwest, Paul Gaines, are both based in Atlanta.

"North Point Center East is particularly attractive to us because it is not only an institutional quality asset meticulously maintained and owned by its highly respected developer/owner, Cousins Properties," says Gaines, "but it also has a diverse and stable tenancy including a number of corporate headquarters led by MedAssets which just renewed its lease to 2030."

Surgical Information Systems, Merrill Lynch, Wells Fargo Bank and Wells Fargo Wealth Management, Regus Business Centers, Amplify Education, IPSWITCH, Robert Baird & Co., and Nokia are among the tenants. CBRE's Office Institutional Properties Group in Atlanta, led by Jay O'Meara, Will Yowell, John Shlesinger, and Justin Parsonnet, representing Cousins, brokered the sale.

"We feel Accesso acquired one of the best suburban office properties in the high-growth North Fulton/Alpharetta submarket," says O'Meara. "The location fronting the Encore Parkway and the area's employment base attracts tenants who want to be situated along Georgia 400. It also has the best proximity to the mall of any office complex in the submarket. And with 30 restaurants, three hotels, six full-service bank branches and the Verizon Wireless Amphitheatre, North Point is ideal for tenants who have visiting business travelers and out-of-town employees and on-site conferences."

Susan Hill, senior managing director of HFF's Houston office, arranged the acquisition financing through Key Bank. Cushman & Wakefield has been appointed leasing agents for North Point Center East.