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Northwest Atlanta Office Sells for $177 PSF

ATLANTA—“Our repositioning plan began as soon as we purchased the office park and we quickly received interest from both investors and tenants in the market.”

By Jennifer LeClaire | jenniferleclaire | Updated on March 08, 2017

Midtown Atlanta Midtown Atlanta

ATLANTA—150 Interstate North Parkway, a 61,000 square-foot office building within the Interstate North Office Park office park complex in Northwest Atlanta, has traded hands. Rubenstein Partners sold the asset to a 1031 exchange buyer headquartered in California for over $177 per square foot.

“Our focus as an investor is to acquire well-located properties, apply our vertically integrated platform to increase value, and opportunistically explore dispositions,” says Taylor Smith, regional director of Southeast for Rubenstein. “We believed that the INOP complex offered significant potential upside when we purchased it, and this initial building sale reflects that belief.”

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