![](https://images.globest.com/cdn-cgi/image/format=auto,fit=contain/https:http://www.globest.com/media/images/gsnewshub_logo.gif)
ATLANTA-Orlando, Florida-based Parkway Properties Inc. has soldtwo properties, namely Peachtree Ridge and 100 Ashford Center, bothlocated in Atlanta for a combined $29.9 million. The twoproperties, sold by the real estate investment trust, totals321,000 square feet and they were 74.6% occupied at the time ofsale.
The unnamed buyer assumed $29.7 million in first mortgageretained by the properties. Parkway took in approximately $211,000in net proceeds from selling the two properties. For the fullstory, go to Atlanta Business Chronicle .
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.