ATLANTA—University Office Park, a collection of 21 mid- and low-rise office buildings located among 78-acres in a growth suburban infill office location within the Northeast office submarket, has traded hands. The sale price of the office building was not disclosed.

DRA Advisors sold the 1.2 million-square-foot suburban office park to an Atlanta-based investment group as a strategically-positioned asset in the Atlanta metro's high-growth Interstate 85 corridor. CBRE's Justin Parsonnet, Will Yowell, Jay O'Meara and Ryan Reethof represented DRA Advisors in the sale. CBRE will also retain the leasing and management.

“This is an area that is undergoing considerable redevelopment activity while maintaining the presence of such long-term stakeholders as the Center for Disease Control, IRS, and Department of Defense,” Parsonnet, CBRE executive vice president, tells GlobeSt.com. “It's a growth corridor and host to Atlanta's next wave of major redevelopment, as more traditionally defined neighborhoods and office submarkets are becoming denser.”