Other factors besides the price that prompted Oakmont to makethe purchase were "a terrific address for local Atlanta service anddistribution product" near Interstate 285, the central businessdistrict, Georgia World Congress Center, Galleria, Camp CreekMarketplace and "the world's busiest airport," Cobb says.

Additionally, the acquisition was "an opportunity to capitalizeon the tremendous residential growth occurring south and west ofthe city; the surrounding retail amenities within minutes of thepark, including Home Depot, numerous restaurants and Starbucks; andfinally, the project's cash flows from day one," Cobb says.

Bilijack Bell of Wilson, Hull and Neal negotiated for Oakmont.Scott Clayton of LaVista Associates represented the seller.

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