ATLANTA, GA — Jones Lang LaSalle represented GASCO Real Estate Holdings LLC in the purchase of two office-flex buildings at Peachtree Technology Center: 5923 Peachtree Industrial Boulevard (50,084 square feet) and 5854 Peachtree Corners East (30,375 square-feet). GASCO Real Estate Holdings purchased the buildings from VIFII Peachtree Technology for $8,675,000.
Located in Peachtree Corners in the Northeast Atlanta submarket, the two single-story buildings are 100 percent leased to three tenants. Shan Gastineau, Paul Hanna and Katie Elliott led the Jones Lang LaSalle Capital Markets team on the transaction. CBRE represented the seller.
“Fully leased to high-quality tenants, these two buildings offer the buyer steady, long-term revenues and the opportunity for an attractive return on investment,” said Paul Hanna. “The buildings, which have received numerous interior upgrades, offer flexible and unique space and are well-suited to a variety of uses, including high-tech, R&D and administrative.”
Located just north of the Holcomb Bridge/Jimmy Carter Boulevard intersection, Peachtree Technology Center provides convenient access to I-285 (5 miles), I-85 (4 miles) and GA 400 (4 miles). The business park is also located near numerous restaurants, stores and hotels.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.