{"id":1004371058,"date":"2019-11-26T03:56:03","date_gmt":"2019-11-26T11:56:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004371058"},"modified":"2019-11-26T03:56:03","modified_gmt":"2019-11-26T11:56:03","slug":"class-a-atlanta-area-office-property-sells-for-11m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/class-a-atlanta-area-office-property-sells-for-11m\/","title":{"rendered":"Class A Atlanta-Area Office Property Sells for $11M"},"content":{"rendered":"<div id=\"attachment_1004371070\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004371070\" data-attachment-id=\"1004371070\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/class-a-atlanta-area-office-property-sells-for-11m\/buildingphoto-edit\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg\" data-orig-size=\"1600,1100\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 7D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1541283054&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"BuildingPhoto-edit\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;4700 North Point Parkway. Image courtesy of NAI Brannen Goddard.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg?w=1024\" class=\"wp-image-1004371070 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg\" alt=\"\" width=\"300\" height=\"206\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg 1600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg?resize=300,206 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg?resize=768,528 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg?resize=1024,704 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/BuildingPhoto-edit.jpg?resize=1536,1056 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004371070\" class=\"wp-caption-text\">4700 N. Point Parkway. <em>Image courtesy of NAI Brannen Goddard<\/em><\/p><\/div>\n<p>Georgia&#8217;s Fulton County has purchased a 109,000-square-foot,&nbsp;Class A office building in Alpharetta, Ga., for $11 million. NAI Brannen Goddard&#8217;s&nbsp;Managing Director Jim Devaney and Vice President Collin Devaney arranged the sale on behalf of the seller, Pinnacle Cos.<\/p>\n<p>Constructed in 1998, the two-story asset sits on nearly 24 acres and includes 54,000-square-foot floor plates. It is located at 4700 N. Point Parkway and is situated within Royal 400 Business Park, roughly 25 miles north of central Atlanta. The property is near the intersection of Route 400 and Old Milton Parkway and roughly 3 miles from Alpharetta City Hall. It also provides easy access to public transportation via the principal Atlanta metro operator, MARTA.<\/p>\n<p>The surrounding area offers several retail and dining options, including Alpharetta Commons Shopping Center, North Point Mall and North Point Village Shopping Center, all of which are within a 10-minute drive.<\/p>\n<p>The&nbsp;75,305-square-foot&nbsp;4800 North Point office building, which is located next to the asset sold by Pinnacle Cos., also recently traded. <a href=\"https:\/\/www.commercialsearch.com\/news\/virtua-partners-pays-13m-for-atlanta-office-asset\/\">Virtua Partners paid $13 million<\/a> to&nbsp;Alvarez &amp; Marsal Capital Real Estate in a 1031 transaction for the four-story property.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAI Brannen Goddard represented Pinnacle Cos., the seller of the 109,000-square-foot asset.<\/p>\n","protected":false},"author":868,"featured_media":1004371070,"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":[32913,34585,39143],"class_list":["post-1004371058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-investment","category-latest","category-office","tag-alpharetta-submarket","tag-nai-brannen-goddard","tag-the-pinnacle-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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