{"id":1004168633,"date":"2017-03-08T07:15:48","date_gmt":"2017-03-08T15:15:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004168633"},"modified":"2020-04-30T08:54:50","modified_gmt":"2020-04-30T16:54:50","slug":"greenstone-nabs-107-ksf-office-building-in-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greenstone-nabs-107-ksf-office-building-in-atlanta\/","title":{"rendered":"Greenstone Nabs 107 KSF Office Building in Atlanta"},"content":{"rendered":"

By Evelina Croitoru<\/em><\/p>\n

\"3301<\/a>

3301 Windy Ridge Parkway<\/p><\/div>\n

Atlanta<\/strong>\u2014Greenstone Properties has announced that the company purchased 3301 Windy Ridge Parkway, a\u00a0107,000-square-foot office building located in Atlanta. The property traded for $15 million, according to Yardi Matrix<\/a>. Greenstone closed the deal with the assistance of its capital advisor Patterson Real Estate Advisory Group that arranged an $11 million financing for the acquisition with SunTrust Bank.<\/p>\n

The six-story building, located on 6.4 acres, was developed by Cousins Properties as part of the master planned Wildwood Center. The asset is located in the Cumberland\u00a0submarket of Atlanta, less than one mile away from SunTrust Park. At the time of the deal, the building was 60 percent leased to DPR Construction.<\/p>\n

\"Wildwood<\/a>

Wildwood Center<\/p><\/div>\n

\u201cAs soon as 3301 came on the market, we knew immediately it was the right investment for our company. With the opening of SunTrust Park, The Battery, and the momentum of the Cumberland submarket, we felt confident in our basis and believe there is unlocked potential in the building,\u201d De Little, managing principal of Greenstone Properties, said in a prepared statement.<\/p>\n

\u201cAs a tenant in the building, we appreciate the convenience of the 3301\u2019s location, the surrounding amenities, and the views of the adjacent nature preserve. With the opening of SunTrust Park just a mile away, I am highly confident that Greenstone will continue to capture market demand at the property,\u201d Lance Patterson, owner of Patterson Real Estate Advisory Group, said in prepared remarks.<\/p>\n

Images courtesy of\u00a0Yardi Matrix and Vision Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company arranged the acquisition financing with SunTrust Bank.<\/p>\n","protected":false},"author":1055,"featured_media":1004168640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21825,21742,21747],"tags":[33072,34334,34335,34336],"class_list":["post-1004168633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-finance","category-latest","category-office","tag-cousins-properties-inc","tag-greenstone-properties","tag-patterson-real-estate-advisory-group","tag-suntrust-bank"],"acf":[],"yoast_head":"\nGreenstone Nabs 107 KSF Office Building in Atlanta - 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\/greenstone-nabs-107-ksf-office-building-in-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenstone Nabs 107 KSF Office Building in Atlanta\" \/>\n<meta property=\"og:description\" content=\"The company arranged the acquisition financing with SunTrust Bank.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greenstone-nabs-107-ksf-office-building-in-atlanta\/\" \/>\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=\"2017-03-08T15:15:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T16:54:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/3301-WIndy-Ridge-Parkway.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-nabs-107-ksf-office-building-in-atlanta\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-nabs-107-ksf-office-building-in-atlanta\/\",\"name\":\"Greenstone Nabs 107 KSF Office Building in Atlanta - 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