Jun
12
Atlanta-Area Office Campus Trades for $19M
ByAvison Young negotiated the disposition of the seven-building asset, while Lincoln Property Co. will handle the management and leasing assignment of the complex.
Avison Young completed the sale of 3100 Breckinridge Blvd., a Class A, 253,000-square-foot office park in Duluth, Ga. TerraCap Management LLC acquired the property in a $19 million deal.
Principals Matt Tritschler and Steve Morgan of Avison Young’s capital markets group led efforts on the sale, alongside Senior Vice President Stephanie Marino. The seller was HQ Capital Real Estate LP of New York on behalf of TRIUVA. According to public records, the transaction benefitted from an undisclosed acquisition financing originated by CopperPoint Mutual Insurance Co…