Other factors besides the price that prompted Oakmont to make the purchase were "a terrific address for local Atlanta service and distribution product" near Interstate 285, the central business district, Georgia World Congress Center, Galleria, Camp Creek Marketplace and "the world's busiest airport," Cobb says.
Additionally, the acquisition was "an opportunity to capitalize on the tremendous residential growth occurring south and west of the city; the surrounding retail amenities within minutes of the park, including Home Depot, numerous restaurants and Starbucks; and finally, 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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