Regions Southeast
Suburban Atlanta Office Complex Commands $35M
July 25, 2008

Great Oaks Center, a 235,200-square-foot office complex in Alpharetta, Ga., has come under new ownership in a $34.8 million transaction. KBS REIT acquired the four-structure property from Grubb & Ellis Realty Investors, which sold Great Oaks on behalf of tenant-in-common investors after a four-year hold. Located on a 22-acre site within the 336-acre Royal 400 master planned office park, Great Oaks' first building consists of 33,200 square feet, while the remaining three structures feature, 58,800, 65,800 and 77,300 square feet, respectively. The property was developed in 2000, and today, boasts a 100 percent occupancy level with six businesses on the tenant roster. Cushman & Wakefield of Atlanta marketed the property.

 
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