Parkwood building acquired in TIC deal

Asset boasts stellar occupancy at closing

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Triple Net Properties LLC represented tenant-in-common investors in the purchase of 151,141 square feet of office space in Atlanta, Ga., for an undisclosed price. The property, 1600 Parkwood, is a six-story, class A office building located in the Northwest Galleria/Cumberland submarket. Situated on 5.52 acres, it features a three-story parking garage, fitness center and deli. At the time of sale, the property was approximately 99 percent occupied by 15 tenants, including OneSource Management, Numerex Corp., and Option One. Apollo Real Estate Advisors' Value Enhancement Fund V L.P. sold the facility. ...