Transwestern Sells Georgia Office for $73M
Transwestern Investment Group divested TownPark Commons for $73.25 million on behalf of one of its managed funds. Adventus Opportunity Fund was the buyer in the private, off-market transaction.
The 350,012-square-foot office project is in Kennesaw, GA, 30-miles northwest of Atlanta. Originally constructed between 1996 and 1998, the 100%-leased, property consists of four mid-rise, Class A office buildings on 22.21 acres at 125 to 500 TownPark Dr.
NKF Capital Markets’ Matt Tritschler represented the buyer. Eastdil Secured advised the seller in the transaction.
Tritschler notes, “the appeal of this private, off-market sale is bolstered by its convenient access to I-75 and I-575, as well as its proximity to Kennesaw State University and an abundance of major employers.”
For comments, questions or concerns, please contact Dennis Kaiser