The park was part of the $186 million, 2.7 million-sf portfolio Denholtz purchased in April of this year from Chicago-based Banyan Strategic Realty Trust. Besides Atlanta, the acquired properties are in Orlando; Sarasota, FL; Talahassee, FL; Huntsville, AL; Chicago; Memphis, TN; and Lexington, KY.
The 22-year-old Phoenix property is at 2700 Northeast Expressway, off Interstate 85 in northeast Atlanta. Among the park's tenants are Network Telephone, Viacom and United Parcel Service.
Stewart Denholtz, the company's managing director, has told GlobeSt.com previously Denholtz Associates continues to look for acquisitions of properties with "significantly below replacement cost that feature numerous tenants with diverse uses."
Cushman & Wakefield Inc.'s senior director Kris Cooper and associate director Margaret Caldwell negotiated for Denholtz in the Phoenix transaction.
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