ATLANTA-Orlando, Florida-based Parkway Properties Inc. has sold two properties, namely Peachtree Ridge and 100 Ashford Center, both located in Atlanta for a combined $29.9 million. The two properties, sold by the real estate investment trust, totals 321,000 square feet and they were 74.6% occupied at the time of sale.
The unnamed buyer assumed $29.7 million in first mortgage retained by the properties. Parkway took in approximately $211,000 in net proceeds from selling the two properties. For the full story, go to Atlanta Business Chronicle .
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