Glenborough to Sell Ashford Perimeter Property for $40M

ATLANTA-The six-story, 289,000-sf Ashford Perimeter office building near the Perimeter Mall is up for sale. It is owned by San Mateo, CA-based Glenborough Realty Trust. Bedminster, NJ-based Verizon Wireless is the anchor tenant, and the building is 89% occupied.

The property is expected to sell for approximately $40 million or about $138 per sf, Mike McDonald and Randy Evans of Eastdil Realty Co. tell GlobeSt.com. The asking rental rate for class-A office space in the Ashford Dunwoody area outside Atlanta averages about $21 per sf, according to GlobeSt.com research.