Glenfield Capital Completes Purchase of LaSalle Portfolio

ATLANTA—Locally-based Glenfield Capital reports it has completed the $37.5-million purchase of the  LaSalle portfolio involving approximately 400,000 square feet of office space in suburban Atlanta.

James P. Cate, managing director of Glenfield Capital, reveals the firm has acquired 6465 East Johns Crossing, a 100,000-square-foot office building in Johns Creek, GA and 6525 and 6575 The Corners Parkway in Peachtree Corners, GA. Both Peachtree Corner buildings total approximately 100,000 square feet of office space.

Glenfield also purchased 6025 and 6075 The Corners Parkway in Peachtree Corners. Each building features approximately 50,000 square feet of office space. The sales closing took place on Sept. 2.

"These properties are an excellent investment for our company, and this acquisition fits within our expansion plans throughout the region," says Cate. "We are moving aggressively in today's competitive commercial real estate market in the Southeast, and this is another timely acquisition. Our current holdings now total over 800,000 square feet."

Glenfield reports it has hired two leasing agencies in connection with its latest acquisition—Adam Viente of JLL will handle leasing at the Peachtree Corners properties and Michael Howell and Hunter Henritze with Lincoln Property Co. will lease the Johns Creek building. CBRE has been selected to handle property management for the portfolio.