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The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.
"Praedium will rebrand the property and seek to enhance the tenant experience through a modernization of the clubhouse and amenity space," says Kelsey Durels, a Praedium associate.
The $172 million purchase price reported by Real Capital Analytics ranks the sale as the second largest multifamily transaction in Atlanta metro history.
LinkedIn, a subsidiary of Microsoft Corp., signed a 25-year lease at One Wilton Park. Construction commenced on the nine-story office building in June 2018.