SugarOak Holdings Acquires Metro Atlanta Office Building For $5.4 Million

Transwestern Negotiates Disposition on Behalf of Seller

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Sep 22, 2015, 07:48 ET

ATLANTA, Sept. 22, 2015 /PRNewswire/ -- Transwestern's Southeast Investment Services Group today announces it brokered the disposition of Roswell North for $5.4 million, or $92 per square foot. Virginia-based SugarOak Holdings acquired the 58,529-square-foot office building at 8010 Roswell Road in Sandy Springs, Georgia, a suburb north of Atlanta. Transwestern Managing Director Kevin Markwordt and Vice President Todd Syprett represented the seller, a private investor, in the transaction.

"This transaction represented a true win-win for the seller and buyer," said Markwordt. "SugarOak acquired a well-located, stabilized asset with excellent cash flow, and the seller cashed in on another great investment."

Built in 1986, Roswell North is a three-story, Class B building in metro Atlanta's recently incorporated city of Sandy Springs. The 94 percent occupied property features functional, affordable office space with covered parking, a rarity in the surrounding area. Roswell North's location offers immediate access to State Route 400, which provides easy accessibility from the affluent neighborhoods of Sandy Springs, Roswell, East Cobb, Dunwoody and Alpharetta.

Roswell North is situated within the Central Perimeter submarket, which includes the largest concentration of commercial and medical real estate in the Southeast: 34 million square feet of office, 6.6 million square feet of retail and 3.3 million square feet of healthcare. Central Perimeter is home to UPS, Cox Enterprises, State Farm, Arby's, Auto Trader, Newell Rubbermaid and the future headquarters of Mercedes-Benz.

ABOUT TRANSWESTERN'S SOUTHEAST INVESTMENT SERVICES GROUP

Transwestern's Southeast Investment Services Group (Southeast ISG) combines capital markets and investment banking expertise, local market knowledge and proven transaction execution to provide strategic disposition services for multifamily, office, retail, industrial and land assets located in Alabama, Georgia, Florida, Mississippi, North Carolina, South Carolina and Tennessee. Based in Atlanta with offices in Miami, Fort Lauderdale and Orlando, Transwestern's Southeast ISG has established a successful track record for maximizing value and creating lasting relationships with clients that range from local entrepreneurs to the largest corporations in the country.

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Southeast region follow @TranswesternATL.

Media Contact:
Jaime Luckey
404.842.6536
[email protected]

SOURCE Transwestern