Harbert U.S. Real Estate Fund VI recently closed on a three building, Class-A office portfolio in Alpharetta, GA.
ALPHARETTA, GA—The Harbert United States Real Estate Fund VI, L.P. and the Simpson Organization have purchased a three-building office portfolio here.
The properties at 800 & 900 North Point Parkway (“800 & 900”) and 3905 Brookside Parkway in the Atlanta suburb of Alpharetta, total approximately 380,000 square feet of Class A space. No financial details of the transaction were released.
The Simpson Organization and the Harbert fund closed on the portfolio on April 8. They state that they intend to invest capital to address deferred maintenance items as well as to update and improve existing amenities. HUSREF VI is sponsored by Harbert Management Corp. of Birmingham, AL.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
