{"id":1004190334,"date":"2017-09-13T06:47:01","date_gmt":"2017-09-13T14:47:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190334"},"modified":"2022-12-08T20:07:51","modified_gmt":"2022-12-09T04:07:51","slug":"lpc-closes-sale-of-suburban-atlanta-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/","title":{"rendered":"LPC Closes Sale of Suburban Atlanta Office Building"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004190335\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004190335\" data-attachment-id=\"1004190335\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/lpc_5865nptparkway\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg\" data-orig-size=\"884,663\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5865 N. Point Parkway\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;5865 N. Point Parkway &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg?w=884\" class=\"wp-image-1004190335 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg\" alt=\"5865 N. Point Parkway \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg 884w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004190335\" class=\"wp-caption-text\">5865 N. Point Parkway<\/p><\/div>\n<p>Lincoln Property Co. Southeast brokered the sale of a recently renovated, three-story office building in Alpharetta, Ga. Rolta International sold the 25,599-square-foot asset to Infotech Prism in a $4.5 million deal, for $175 per square foot.<\/p>\n<p>Located at 5865 N. Point Parkway in Atlanta\u2019s North Fulton submarket, the property was completed in 2002 and features a mixture of functional floor plans with private offices, open work areas and training rooms. Community amenities include ample parking, updated finishes throughout, as well as prominent monument and main building signage.<\/p>\n<h2>Lease-out plans<\/h2>\n<p>Vice President Jeff Henson and Leasing Associate George Gwaltney of <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-brings-tenants-to-atlanta-area-campus\/\">Lincoln\u2019s Office Leasing Group<\/a> worked on behalf of the seller in the\u00a0transaction. Rolta will continue to lease 8,000 square feet in the building, while the new owner will occupy a portion of the available space and plans to lease out the first floor.<\/p>\n<p><em>\u201cThe supply and demand dynamic really helped the sale, as well as increased construction costs making it unjustifiable for most tenants to build their own building. This property goes to show that users are willing to pay a premium for nicer, well-located buildings,\u201d<\/em>\u00a0Henson said in prepared remarks.<\/p>\n<p>The property is close to a wide variety of restaurants, shopping centers, banks, hotels and residential communities. The location offers access to Georgia State Route 400 via North Point Parkway and the Haynes Bridge.<\/p>\n<p><em>Image courtesy of Lincoln Property Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jeff Henson and George Gwaltney of Lincoln\u2019s Office Leasing Group assisted the seller in the disposition of the upgraded asset.<\/p>\n","protected":false},"author":240,"featured_media":1004190335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21783,21742,21747],"tags":[34577,32838],"class_list":["post-1004190334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-investment","category-latest","category-office","tag-jeff-henson","tag-lincoln-property-company"],"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>LPC Closes Sale of Suburban Atlanta Office Building - 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\/lpc-closes-sale-of-suburban-atlanta-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LPC Closes Sale of Suburban Atlanta Office Building\" \/>\n<meta property=\"og:description\" content=\"Jeff Henson and George Gwaltney of Lincoln\u2019s Office Leasing Group assisted the seller in the disposition of the upgraded asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/\" \/>\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=\"2017-09-13T14:47:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:07:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"884\" \/>\n\t<meta property=\"og:image:height\" content=\"663\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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\/lpc-closes-sale-of-suburban-atlanta-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/\",\"name\":\"LPC Closes Sale of Suburban Atlanta Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg\",\"datePublished\":\"2017-09-13T14:47:01+00:00\",\"dateModified\":\"2022-12-09T04:07:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lpc-closes-sale-of-suburban-atlanta-office-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/LPC_5865NPtParkway.jpg\",\"width\":884,\"height\":663,\"caption\":\"5865 N. 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