The building is owned by the Chicago-based Alter Group. The 450-acre Brookside Concourse is part of the 204-acre, mixed-use Brookside business park. Senior vice president of national development Todd Yates and vice president Gregg Metcalf represented the Alter Group in the transaction. CB Richard Ellis first vice president Kerry Davidsen and senior associate Peyton Wimberly represented Mortgage Lenders Network USA.
Metcalf tells GlobeSt.com that the building was vacated by State Farm about six months ago. MLN is in the process of extensive renovations to the building's interior and is expect to occupy it in September. "The company chose the building because they wanted to put their employees in a single-story environment for efficiency purposes, but they didn't want to put them in an environment that lacked amenities," Metcalf says.
Most single-story buildings are located in industrial parks with limited amenities, but amenities at Brookside Concourse, all within walking distance, include day care facilities, 13 restaurants, shopping, health clubs, a Georgia State University campus, and a network of walking trails. "They have a need for a higher concentration of parking and this location provided it," Metcalf says.
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