ALTANTA—The Alter Group has sold anine-property office portfolio to an affiliate of RexxHallRealty LLC, a New York-based private investment group. Theportfolio spans 404,000 square feet. Financial terms of the dealwere not disclosed.

“These properties provide us with a beachhead in thisfast-growing region,” says Daniel Stauber,managing director of RexxHall. “Our acquisition criteria targetsvalue-add office space with great potential andthese assets certainly meet that standard in terms of thebuildings, the landscaping of their environment and the amenitiesin the surrounding area.”

The portfolio includes office buildings in two major businessparks developed by The Alter Group: five single story buildingsencompassing 250,000 square feet at the 106-acre ChattahoocheeCorners in Duluth, GA and four buildings spanning 154,000 squarefeet at the 45-acre Brookside Concourse in Alpharetta, GA.

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