{"id":1004080298,"date":"2013-07-16T06:49:51","date_gmt":"2013-07-16T14:49:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004080298"},"modified":"2022-12-05T23:20:33","modified_gmt":"2022-12-06T07:20:33","slug":"allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\/","title":{"rendered":"Allegiance Sells 202 KSF, Two-Building Atlanta Office Park to Cornerstone"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Park-at-Windward-Concourse.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004080300\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\/park-at-windward-concourse\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Park-at-Windward-Concourse.jpg\" data-orig-size=\"407,251\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Park at Windward Concourse\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Park-at-Windward-Concourse.jpg?w=407\" class=\"alignleft size-medium wp-image-1004080300\" alt=\"Park at Windward Concourse\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Park-at-Windward-Concourse.jpg\" width=\"300\" height=\"185\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Park-at-Windward-Concourse.jpg 407w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Park-at-Windward-Concourse.jpg?resize=300,185 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Allegiance Realty Corp. has sold The Park at Windward Concourse in Alpharetta, Ga., three years after \u00a0buying the the 202,000-square-foot office complex. Allegiance and Cornerstone Real Estate Advisers, the buyer of the Class A, suburban Atlanta property, are keeping mum on the dollar signs involved in the off-market transaction.<\/p>\n<p>Sited on 13 acres in the Georgia 400 submarket, the Park at Windward Concourse features two four-story structures carrying the addresses of 1720 and 1725 Windward Concourse. The buildings were developed in 1999 and 2001, respectively.<\/p>\n<p>Commercial real estate services firm Cushman &amp; Wakefield&#8217;s Capital Markets Group orchestrated the disposition of Windward Concourse on behalf of Allegiance. The investment sales team consisted of executive directors Stewart Calhoun and David Meline, along with Samir Idris, director, and Casey Masters, senior associate.<\/p>\n<p>C&amp;W has also been tapped to oversee leasing and property management at the complex, which is home to 26 users accounting for 79 percent of the tenant roster.<\/p>\n<p>Presently, premier office destinations in Atlanta&#8217;s suburbs are actually faring better than their counterparts in the big city. In the second quarter, the occupancy level was 14.5 percent for Class A space in the suburbs, and 18.8 percent for Class A space in Atlanta proper. In Alpharetta, change is in the air.<\/p>\n<p>&#8220;Leasing activity has been strong and improving in Alpharetta over the last year,&#8221; Calhoun told <em>Commercial Property Executive<\/em>. &#8220;With no spec construction anywhere on the horizon, investors are increasingly confident that they will have a reasonably robust market for leasing up vacant spaces.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allegiance Realty has sold the 202,000-square-foot The Park at Windward Concourse in Alpharetta, Ga., three years after buying it. Allegiance and Cornerstone Real Estate Advisers, the buyer of the Class A, suburban Atlanta property, are keeping mum on the dollar signs involved in the off-market transaction.<\/p>\n","protected":false},"author":969,"featured_media":1004080300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21783,21742,21747],"tags":[],"class_list":["post-1004080298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Allegiance Sells 202 KSF, Two-Building Atlanta Office Park to Cornerstone - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allegiance Sells 202 KSF, Two-Building Atlanta Office Park to Cornerstone\" \/>\n<meta property=\"og:description\" content=\"Allegiance Realty has sold the 202,000-square-foot The Park at Windward Concourse in Alpharetta, Ga., three years after buying it. Allegiance and Cornerstone Real Estate Advisers, the buyer of the Class A, suburban Atlanta property, are keeping mum on the dollar signs involved in the off-market transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-16T14:49:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T07:20:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Park-at-Windward-Concourse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"407\" \/>\n\t<meta property=\"og:image:height\" content=\"251\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Allegiance Sells 202 KSF, Two-Building Atlanta Office Park to Cornerstone\",\"datePublished\":\"2013-07-16T14:49:51+00:00\",\"dateModified\":\"2022-12-06T07:20:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\\\/\"},\"wordCount\":264,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/Park-at-Windward-Concourse.jpg\",\"articleSection\":[\"Atlanta\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allegiance-sells-202-ksf-two-building-atlanta-office-park-to-cornerstone\\\/\",\"name\":\"Allegiance Sells 202 KSF, Two-Building Atlanta Office Park to Cornerstone - 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