Vinings Office Building Trades for $22M
Atlanta Property Group has purchased Overlook I, a 140,000-square-foot office building in Atlanta’s Vinings area for $22 million.
The property gets its name from its location on a hill in Vinings that boasts striking views of the Atlanta skyline. Currently, the building is 87% leased and has an anchor tenant, Paradies Lagardère, that is signed for several more years. Paradies Lagardère operates stores in airports, hotels and other locations. Atlanta Property Group plans to put approximately $2.2 million towards renovations at the property.
Jay O’Meara of CBRE represented the seller, real estate investor Albany Road, in the transaction.
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