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ATLANTA-Fresh from its $186.3 million May acquisition of 2.7 million sf of office/flex/industrial product ($69 per sf) from Chicago-based Banyan Strategic Realty Trust, Denholtz Associates of Rahway, NJ has opened its first Atlanta office.

The privately held New Jersey development-investment-management group lured Marie B. Kastens from locally based Overseees Management Inc. to serve as general manager of the new office and oversee its newly acquired Southeast regional portfolio. The Banyan purchase grew Denholtz’s portfolio to eight million sf.

In the Atlanta, Norcross, GA and Murrow, GA markets, Denholtz bought 615,000 sf in 16 properties. Individual property prices were not disclosed. In a prepared statement, Denholtz managing director/CEO Steven Denholtz says the firm is scouting for more Atlanta area acquisitions in all product categories.

“Our plans are to continue to invest in the Atlanta area; forging new relationships in the marketplace; and taking advantage of strategic (acquisition) opportunities that exist in the region,” Denholtz says in the statement.

In Kastens, Denholtz gets a seasoned professional who was portfolio manager of a total 1.3 million sf of class A office product for Atlanta Financial Center and One Buckhead Plaza.

Kastens is a former senior property manager at Taylor & Mathis; senior property manager/asset manager, White & Associates; property manager, Brannen/Goddard Co; and a former accounting, construction and property manager, The Coers Co., all based in Atlanta.

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