(Save the date: RealShare Industrial 2012 comes to The Banker’s Club, Miami, December 5 – 6.)
ATLANTA—SDM Partners and Admiral Capital Real Estate Fund—a joint venture with USAA Real Estate Company and Admiral Capital Group— just acquired 200 Ashford Center North. A pension fund client of ASB Real Estate Investments sold the class A, 160,000-square-foot office building.
Steven Martin, managing principal of SDM, led the negotiations. Michael McDonald, Drew Barnette, and Kennedy Hicks of Eastdil Secured, represented the seller. The sale price for the office building, which is located in Atlanta’s Central Perimeter submarket, was not disclosed. State Bank and Trust Co. provided senior-level financing.
“We view 200 Ashford Center North as an excellent value-add opportunity in Atlanta’s largest and most vibrant office submarket,” Martin said in a statement. “This transaction is another example of the Central Perimeter’s ongoing attractiveness to investment capital.”
Located near the intersection of Ashford Dunwoody Road and Mt. Vernon Highway, 200 Ashford Center North is less than two miles north of 1.5 million-square-foot Perimeter Center Mall. The office building’s offers an equipped conference room that seats 30, a fitness center, an on-site caf