EnTrust declined disclosing the sale price, citing aconfidentiality agreement between the buyer and seller. However,Databank Inc., an Atlanta-based real estate research firm, citesthe price at just above $18 million, or $140 per sf.
James I. Clark III, managing principal of Chicago-based EnTrust,says the transaction was unusual in that ESRI made an unsolicitedoffer for the five-story, 129,421-sf building at BrooksideConcourse along Old Milton Parkway, east of Georgia 400. It's alsorefreshing to have a well-capitalized buyer that also sought tooccupy the building, he says.
"This is an all-cash buyer and was not dependent on thefinancial markets," Clark tells GlobeSt.com. "The field becomesvery narrow and these buyers become the choice players to workwith."
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