The center consists of three class A single-storyoffice/industrial buildings at 1950, 1955 and 1965 Evergreen Blvd.with a total of 229,728 sf. The combined occupancy of the buildingsis 90.2%. The buildings are flex buildings with 14- to 21-footceiling heights and loading docks that can be either offices orwarehouse-distribution centers or both.

Argus Realty senior vice president Paul Gaines tells GlobeSt.comthat the properties are in good shape, so Argus does not have plansfor significant capital improvements beyond normal maintenance."This was an opportunistic purchase in the high-growth northeastInterstate 85 corridor submarket," Gaines says. "The property isminutes from many quality Gwinnett County residential neighborhoodsmaking it convenient for office employees and distributioncompanies."

A $17.5-million, 10-year, fixed rate loan at 6.35% with interestonly for the first five years was arranged for Argus by Bill Tyler,a director of Atlanta-based CBRE/Melody Capital Markets throughJohn Higgins, of Chicago-based LaSalle National Bank.