ATLANTA-Parmenter Realty Partners has acquired 160 Clairemont, a Class A office building measuring 121,686 square feet in Atlanta's Decatur submarket. This is one of the first acquisitions for Parmenter Realty Fund IV.
The office building is currently 72% occupied. Parmenter Realty Fund IV, which is targeting to reach $500 million, will focus its attention on distressed properties in the southern half of the US. American National Insurance Company provided financing for the deal. For the full story, go to Florida Real Estate Journal .
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