ATLANTA-The locally based developer closed two transactions totaling 101,700 sf at Northpark 75 in Cobb County and a single 38,460-sf deal in Shawnee Ridge 5, an IDI/Cigna joint venture property. All three leases are for five years at estimated rents of $4 per sf to $4.25 per sf net.
ATLANTA-The spring buying spree includes a 101,207-sf Alpharetta, GA office building for an estimated $14.9 million ($147.22 per sf) and the $15-million purchase ($150 per sf) of a 100,000-sf building at nearby Johns Creek.
ATLANTA-The 451,920-sf of office in five buildings are 90% occupied. Apollo Real Estate Advisors LP of New York sold the total 564,120-sf property to the Birmingham, AL-based REIT for $88.63 per sf, below replacement cost of an estimated $150 per sf, construction industry estimators tell GlobeSt.com.
