Downtown Atlanta

ATLANTA—Newmarket Business Park, a six-building office complex in Marietta, GA, has traded hands. A joint venture led by Praelium Commercial Real Estate, a Southern California-based commercial real estate investment company, and South Street Partners, a Charlotte, NC-based real estate private equity investment firm, acquired the office assets.

The 85% occupied commercial real estate property is located between Cobb Parkway and Franklin Gateway, northwest of greater Atlanta. Home Depot USA occupies 66% of the property, which spans 471,486 square feet.

“This property is an excellent fit for our national investment strategy,” says Scott G. San Filippo, founding principal of Praelium. “Atlanta is a solid market and the property benefits from a national credit tenant with a long-term lease in place that has already made a significant investment in this location.”

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