LEE & ASSOCIATES NEGOTIATES 53,444 SQUARE-FOOT INDUSTRIAL SALE
ATLANTA - (July 2012) – Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, brokered the sale of a 53,444 SF industrial building at 225 Ottley Drive. Parkside Partners purchased the property with plans for redeveloping it into a loft office. Kurt Unger, CCIM, SIOR represented the Seller while Craig Viergever, SIOR and Taylor Smith represented the Buyer. All are part of the Lee-Atlanta office.
The building sits on 3.69 acres nestled within the Beltline Overlay District and the Sweetwater Design District. Neighboring properties house designer showrooms, art galleries and a local favorite, Sweetwater Brewery. The location offers stunning skyline views and ample parking for companies with a large amount of employees, and has potential for creating a second building that could provide decked parking in the future. More immediate renovations will offer creative office loft space (available for lease or sale), accommodated by a planned beltline station, complete with walking and biking trails and offer. With immediate access to I-85 and the I-75/I-85 connector plus access to Midtown, Downtown and Buckhead the location is unparalleled.
The building sits on 3.69 acres nestled within the Beltline Overlay District and the Sweetwater Design District. Neighboring properties house designer showrooms, art galleries and a local favorite, Sweetwater Brewery. The location offers stunning skyline views and ample parking for companies with a large amount of employees, and has potential for creating a second building that could provide decked parking in the future. More immediate renovations will offer creative office loft space (available for lease or sale), accommodated by a planned beltline station, complete with walking and biking trails and offer. With immediate access to I-85 and the I-75/I-85 connector plus access to Midtown, Downtown and Buckhead the location is unparalleled.
Lee & Associates Atlanta has 35 brokers specializing in industrial, office, investment and land brokerage.