{"id":1004183227,"date":"2017-07-07T02:57:55","date_gmt":"2017-07-07T10:57:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183227"},"modified":"2022-12-08T21:36:08","modified_gmt":"2022-12-09T05:36:08","slug":"atlanta-property-group-nabs-1-3-msf-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/","title":{"rendered":"Atlanta Property Group Nabs 1.3 MSF Office Portfolio"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<p>Atlanta Property Group purchased a seven-building, Class A office portfolio totaling nearly 1.3 million square feet in Florida, North Carolina, Pennsylvania and South Carolina. Starwood Capital Group sold the properties in a single transaction to the Atlanta-based real estate investment company, Yardi Matrix shows. The deal marks APG\u2019s first investment venture outside metro Atlanta.<\/p>\n<p>The assets spread across\u00a0Charlotte, N.C., Orlando, Fla., Pittsburgh, and Tampa, Fla., bringing APG\u2019s total portfolio size to 3.5 million square feet. The properties included in the transaction are:<\/p>\n<ul>\n<li>LakePointe Corporate Center, buildings 3 and 5 at 3730 and 3735 Glen Lake Drive in Charlotte, N.C. (226,865 square feet)<\/li>\n<li>Baldwin Point at 2420 Lakemont Ave. in Orlando, Fla. (164,766 square feet)<\/li>\n<li>11950 Corporate Blvd. in Orlando, Fla. (226,548 square feet)<\/li>\n<li>Tampa Commons at 1 N. Dale Mabry Highway in Tampa, Fla. (254,808 square feet)<\/li>\n<li>Edgewater Corporate Center One at 3023 HSBC Way in Fort Mill, S.C. (175,145 square feet)<\/li>\n<li>2000 Park Lane in Pittsburgh (234,859 square feet)<\/li>\n<\/ul>\n<h2>Diverse tenant roster<\/h2>\n<p>According to Yardi Matrix, the buildings\u00a0were part of a $261 million <a href=\"https:\/\/www.commercialsearch.com\/news\/dilweg-cos-snaps-up-tampa-office-portfolio\/\">portfolio deal<\/a> in 2012 when Starwood Capital Group acquired the assets from Columbia Property Trust. Completed between 1985 and 2005, the properties are 83 percent leased to a wide array of tenants including Trinity Partners, Balfour Beatty Infrastructure, St. Paul Travelers Insurance Co., Diagnostic Precision Inc. and Cigna.<\/p>\n<p><em>\u201cWe saw this as a great investment because these are all well-located Class A assets in markets with good job growth, limited construction and strong fundamentals,\u201d<\/em> said Shep Dinos, an APG partner, in prepared remarks.<\/p>\n<p><em>Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The six properties are located across Charlotte, N.C.; Pittsburgh, Pa.; and Orlando and Tampa, Fla. The transaction marks APG\u2019s first investment venture outside metro Atlanta.<\/p>\n","protected":false},"author":240,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,23891,21742,21747],"tags":[35595,33221,34880],"class_list":["post-1004183227","post","type-post","status-publish","format-standard","hentry","category-deals","category-investment","category-national","category-latest","category-office","tag-atlanta-property-group","tag-columbia-property-trust-inc","tag-starwood-capital-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlanta Property Group Nabs 1.3 MSF Office Portfolio - 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\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlanta Property Group Nabs 1.3 MSF Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"The six properties are located across Charlotte, N.C.; Pittsburgh, Pa.; and Orlando and Tampa, Fla. The transaction marks APG\u2019s first investment venture outside metro Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/\" \/>\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=\"2017-07-07T10:57:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:36:08+00:00\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\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\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/\",\"name\":\"Atlanta Property Group Nabs 1.3 MSF Office Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"datePublished\":\"2017-07-07T10:57:55+00:00\",\"dateModified\":\"2022-12-09T05:36:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/atlanta-property-group-nabs-1-3-msf-office-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Atlanta Property Group Nabs 1.3 MSF Office Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\",\"name\":\"Timea-Erika Papp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"caption\":\"Timea-Erika Papp\"},\"description\":\"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. 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