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Johns Creek Office Complex Claimed by Crossgate in 1031 Exchange

Research Renaissance, LLC divested a single-story office portfolio at 5000 and 5050 Research Court in the North Fulton submarket of Johns Creek, GA. The 80,000-square-foot asset was acquired by Crossgate Partners, LLC for $10,025,000 million or $128-per-square-foot as a part of a 1031 exchange.

The seller purchased the single-story office buildings in 2008, and subsequently stabilized the tenant mix and increased occupancy. The mix of professional and medical-related tenants now include a range of therapists, a dialysis clinic, insurance companies and technology companies.

Avison Young’s Casey Keitchen, who represented the seller, says, “There’s been a great deal of speculation around the negative impact that COVID-19 will have on the commercial real estate industry. However, having just completed this transaction at the height of the pandemic, and having others under contract and moving forward, I’m confident that commercial real estate deals will continue to transact, albeit at a slower pace in the near term.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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