Jan
17
Atlanta-Area Office Campus Changes Hands for $57M
ByThe buildings were 88 percent occupied at the time of the transaction.
Milton Park, Alpharetta, Ga.
Alpharetta, Ga.—Avison Young recently announced that it has represented Adventus Realty Trust in the acquisition of Milton Park, a two-building Class A office campus in Alpharetta.
According to Yardi Matrix data, the property was sold by Talcott Realty Investors for a price tag of $57 million and the sale was subject to a $39.9 million loan held by JPMorgan Chase.
Situated on over 13 acres, Milton Park consists of two six-story, LEED-certified office buildings encompassing roughly 320,000 square feet of space. The Atlanta-area campus features standard ceilings and abundant covered parking in an adjacent multi-level parking structure. Amenities include common area Wi-Fi and redundant power…
