Glenfield Capital, a private real estate investment company based in Atlanta, has completed the purchase of the LaSalle portfolio in suburban Atlanta for $37.5 million. James P. Cate, Managing Principal of Glenfield Capital, announced the acquisition this week, which adds another 400,000 square feet of office space to the company's holdings. The portfolio covers five properties, known in the Atlanta commercial real estate market as the Peachtree North Portfolio and later the LaSalle Portfolio, and includes:
100,000 square feet at 6465 East Johns Crossing (Johns Creek)
100,000 square feet each at 6525 & 6575 The Corners Parkway, and
50,000 square feet each at 6025 & 6075 The Corners Parkway (Peachtree Corners)
"These properties are an excellent investment for our company, and this acquisition fits within our expansion plans throughout the region," said Cate of the purchase. "We are moving aggressively in today’s competitive commercial real estate market in the Southeast, and this is another timely acquisition. Our current holdings now total over 800,000 square feet."
Glenfield reports it has hired two leasing agencies in connection with its latest acquisition—Adam Viente of JLL will handle leasing at the Peachtree Corners properties and Michael Howell and Hunter Henritze with Lincoln Property Co. will lease the Johns Creek building. CBRE has been selected to handle property management for the portfolio, according to a GlobeSt.com report.
For more news and information visit Blumberg Capital Partners.
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