L&A Atlanta Facilitates $45 Million Sale of Office Portfolio in NW Atlanta

ATLANTA—Nov. 1, 2013—Lee & Associates, one of the largest commercial real estate firms in the country, has negotiated a $45 million purchase of a three-building,
709,603-square-foot office building portfolio located at 900, 1000 and 1100
Circle 75 Parkway, in Atlanta, Ga.  Mark Hollan, of Lee & Associates, Atlanta represented the buyer Scott & Associates, Inc. The sale, by B.F. Saul Company, represents its last office asset in the Atlanta market.

 “Scott & Associates already has a strong foothold in the Southeast market and this sale expands the firm’s presence in the Atlanta market,” said Hollan, noting that the property is 75 percent occupied and is the third major transaction he has completed for Scott & Associates. Scott & Associates, Inc., founded in 1985 as a development firm specializing in midrise office and medical office projects in the Southeastern U.S., sees this purchase as a value-added investment with tremendous upside with the opportunity to upgrade and modernize the asset.  SK Commercial Realty will lease and
manage the assets.

###