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JV Acquires 218K-SF Cumberland Office Tower
A joint venture comprised of Crocker Partners and Garrison Investment Group acquired 3225 Cumberland, a 218,519-square-foot, Class A office tower in Atlanta’s Cumberland submarket. The sales price was undisclosed.
The nine-story tower was built in 1998 and is currently 95% leased to 12 tenants. The lobby, fitness center, and café were recently renovated. Additional amenities include a conference facility and tenant lounge.
The Atlanta office of Cushman and Wakefield represented the undisclosed seller in the transaction.
“We are excited to close our first joint venture with Garrison Investment Group and expand our holdings in Atlanta,” said Chris Eachus, partner at Crocker Partners. “3225 Cumberland is a premier asset located in one of the most institutional office submarkets in the southeast. The combination of amenities, location, and tenancy create a compelling investment opportunity.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
