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TCM Acquires Two Class A Flex Industrial/Creative Office Assets in Atlanta
Ten Capital Management has acquired two assets in suburban Atlanta: a 163,231-square-foot creative office complex on Peachtree Industrial Boulevard and a 130,786-square-foot flex office/R&D/light industrial building on John’s Creek Court.
Somerset Properties is the co-general partner on the transactions.
The Peachtree property is currently 92% leased to seven long-term tenants. The Peachtree Corners submarket has experienced 3.7 million square feet in leasing post-Covid.
The Johns Creek building is currently 93% leased to three long-term tenants. The property offers property offers flexible space with 22’ clear heights and 16’ dock heights along with a location in the middle of Technology Park. Johns Creek is a 1,900-acre, master-planned development with office, retail, residential, and municipal uses.
“This asset offers our investors an opportunity to capture light industrial, distribution, tech and life sciences exposure in micro-markets that have enjoyed terrific momentum, all at an attractive price, with an appropriate margin of safety in place,” said Ben Adams, TCM CEO.
Photo: Peachtree Industrial Boulevard office complex
- ◦Sale/Acquisition
