Servidyne Inc., a building performance expert services and real estate company, recently announced the sale of a large office complex in Marietta, Ga.

The company sold Johnson Square Office Park to an unidentified buyer for $10.3 million. The property comprises 121,476 square feet and is located at 1501 Johnson Ferry Road.

According to a press statement, the sale generated a $2.085 million pre-tax gain on sale. The company intends to re-deploy the net cash proceeds from the sale of approximately $3.4 million by acquiring one or more income-producing properties, and thereby defer the income taxes otherwise payable on the gain.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer, reward, repeat. Share a 90-day free trial and get $$$.Refer & Earn×