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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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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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