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JV Snags Vacant 270K-SF Office Property in Atlanta
Crocker Partners and JV partner Siguler Guff have acquired 5600 Glenridge, a 270,000-square-foot office building in Atlanta’s Central Perimeter submarket. The sales price was undisclosed.
The property was acquired from AT&T, which has owned and occupied the property since the early 1990s. Crocker plans to invest more than $25 million in the property, including new lobbies, façade features, landscaping, restrooms, lighting and signage, as well as indoor and outdoor amenities. The acquisition brings Crocker’s total portfolio in Atlanta to over three million feet and marks their third acquisition in Atlanta in 2019.
“5600 Glenridge presents a rare opportunity to acquire a well-located, empty office building in a premier submarket,” said Chris Eachus, partner at Crocker Partners. “We are very excited to complete our transformative renovation over the next 12 months and ultimately deliver a best-in-class property to our future tenants.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
