ATLANTA-A subsidiary of BPG Properties Ltd. has listedNorthmeadow Business Park, a 1.2-million-square-foot business parkin Atlanta, on the market for sale. BPG bought the campus fiveyears ago for $93.5 million from a joint venture of CaliforniaState Teachers Retirement System and First Industrial Realty TrustInc.
The company purchased the property, situated on a 125-acre sitein the North Fulton submarket, for BPG Investment Partnership VIILP. The business park comprises 20 buildings and it is 83%occupied. For the full story, go to Commercial Property Executive .
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