ATLANTA – Lincoln Property Company Southeast (Lincoln) has closed the sale of 390 Brogdon Road, a two-building office/warehouse complex totaling 16,740 square feet in Suwanee, Ga. Lincoln was the court-appointed receiver for the property, and Denton Shamburger, vice president of industrial leasing at the firm, closed the sale at a purchase price of $825,000 on behalf of the owner and lender. Residential home builder Home South Communities purchased the property.
The nearly 4-acre complex, built in 2000, consists of a 9,000-square-foot warehouse and a 7,740-square-foot office building. The warehouse includes private offices, two docks and oversized roll-up doors. The office building includes multiple conference rooms, a break room and large work areas in addition to private offices.
“The industrial real estate market in Atlanta continues to improve, and we encountered a significant level of interest in this property,” said Tony Bartlett, senior vice president for Lincoln who oversees the firm’s Atlanta office. “Furthermore, the residential home market is making a strong recovery in the metro area, and this property will serve Home South well as construction ramps up in and around the city.”
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation's largest diversified commercial real estate companies, employing over 6,000 people. Since its inception in 1965, Lincoln has developed over 34 million square feet of commercial office space, over 6 million square feet of specialty retail space and 49 million square feet of industrial space. Also a leader in owned and fee management, Lincoln currently manages over 145 million square feet of commercial property. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to http://blog.lpcsoutheast.com.
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