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Atlanta & Southeast  + Atlanta Metro  + Office  | 
Royal Ridge, a 160,539-square-foot office building on 13.2 acres adjacent to Northside Hospital, has been purchased by Lockwood Development Partners for $21.1 million

$21M Sale of Alpharetta Medical Office Building Staves Off Foreclosure

Royal Ridge, a 160,539-square-foot office building on 13.2 acres adjacent to Northside Hospital, has been purchased by Lockwood Development Partners for $21.1 million. The all-cash deal satisfies seller Richmond Honan LLC’s debt to mortgage holder RGA Reinsurance Co. and prevents foreclosure on the property.. 

Richmond Honan has had difficulty attracting tenants since acquiring the asset in 2021.

RGA Reinsurance Co. had previously scheduled the property for a foreclosure sale in October of last year. The sale was stopped by Richmond Honan’s bankruptcy filing that same month. 

The six-story Royal Ridge Class A office building is located at 11680 Great Oaks Way in Alpharetta near GA 400 and North Pointe Parkway. It was developed with medical tenants in mind by Childress Klein Properties in 2001. The building was renovated in 2019 and features a fitness center and restaurant, shipping and receiving dock, showers and lockers.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Sale/Acquisition