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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.”


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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