ATLANTA-PM Realty Advisors of California purchased the six-story, 150,000-sf, 90%-leased Preston Ridge IV office building from locally-based Childress Klein Properties for $25 million or $166.66 per sf.

The acquisition was made for an undisclosed client. The property, in Preston Ridge business park in Alpharetta, is 25 miles north of Downtown. Childress Klein will continue to lease and manage the property.

Located in the active north Fulton County GA 400 corridor, the building is the fourth developed by Childress Klein in the Preston Ridge business park. The asking rent is $16.50 per sf.

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