The seller was represented by Kevin Markwordt of TranswesternCommercial Services. Financing was provided by Wachovia Bank N.A.and arranged by David Pike. The acquisition price was notreleased.
Parkway 400 consists of two buildings, one with two stories andone with six stories. The buildings face a common landscapedcourtyard featuring a central green space and walking paths. It islocated along Old Milton Parkway within a few hundreds yards ofGeorgia State Route 400. The property is adjacent to the ProspectPark mixed-use development which is currently underconstruction.
"We liked that these were two quality class A assetswell-located within the North Fulton submarket," Triple NetProperties senior acquisitions associate Robert Giusti. "This is anarea that's been experiencing a tremendous amount ofabsorption."
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