NAI Brannen Goddard Closes on $18 Million in Sale of Two Atlanta Office Projects
ATLANTA, GA – December 14, 2016 – NAI Brannen Goddard is pleased to announce that it represented Alex Brown Realty, a private equity fund, in the sale of two office buildings located in the Atlanta market.
Casey Keitchen, Senior Vice President of Investment Sales at NAI Brannen Goddard, was the only broker involved in the disposition of both assets: Northside Tower located at 6065 Roswell Road in Sandy Springs, GA and Crossing Center located at 1000 Johnson Ferry Road in Marietta, GA. The assets sold in separate off-market transactions to a family office fund, Stein Investment Group.
Crossing Center is a 5-building office complex located in East Cobb County. The 60,000 SF project was 80% leased at the time of sale and closed for $5 million in July as a part of a 1031 exchange. Northside Tower is a 9-story, 122,000 SF office building located in the heart of Sandy Springs and was 95% leased at the time of sale. The property sold for $13 million and closed in October.
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About NAI Brannen Goddard
NAI Brannen Goddard is a full-service commercial real estate firm, which provides a wide scope of services to regional, national and international clients. Services range from leasing, investment sales and land sale to property and construction management. NAI Brannen Goddard, founded in 1978, provides businesses, owners, and investors with high-quality real estate services and effective solutions for maximizing profitability and performance levels. To learn more, visit www.naibg.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. To learn more, visit www.naiglobal.com.