ATLANTA—Atlanta's office market is more than recovering, evidenced by the sale of three metro office properties in the metro's suburbs recent weeks. Altogether, the Acworth, GA and Alpharetta, GA assets span more than 78,000 square feet of office space.

“These sales are an example of investors' increasing interest in suburban product as they search for opportunities to increase yield,” says Casey Keitchen, a vice president in Bull Realty's National Office Group. Keitchen worked on all three transactions.

SugarOak Investors acquired 3050 and 3060 Royal Boulevard South in Alpharetta for $3.9 million. The two office buildings total 60,352 square feet and have a combined occupancy rate of 70%.

Tom Shafer and John Hinson of CBRE represented the seller, KR Office Investors LLC. Keitchen represented the buyer.

An Israeli-based investor purchased the 18,000-square-foot Building 800 in the office park located at 4900 Ivey Road in Acworth for $960,000. In partnership with the FDIC, a regional bank sold the office property, which has an occupancy rate of 50%. Keitchen represented the sellers in the transaction.

“Investor interest has continued to increase throughout 2013 for both distressed and stabilized office product alike,” says Keitchen. “As 2014 gets underway, we expect to see office investment sales activity continue to accelerate for both core and value-add opportunities like these.”