ATLANTA-Admiral Capital Real Estate Fund and SDM Partners have paid $12.7 million or $79 per square foot to purchase 200 Ashford Center North. The negotiations were led by Steve Martin, managing principal at SDM. State Bank and Trust arranged the financing for this acquisition. The property is a portion of a two-building office development located on Ashford Dunwoody Road. SDM will manage leasing and operations of the building developed in the late 1980s by Paragon.
The property is 68% leased. For the full story, go to Atlanta Business Chronicle .
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