{"id":1004430529,"date":"2020-05-05T05:05:13","date_gmt":"2020-05-05T13:05:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004430529"},"modified":"2020-05-05T05:05:13","modified_gmt":"2020-05-05T13:05:13","slug":"stan-johnson-co-closes-7m-atlanta-office-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stan-johnson-co-closes-7m-atlanta-office-sale\/","title":{"rendered":"Stan Johnson Co. Closes $7M Atlanta Office Sale"},"content":{"rendered":"
\"\"<\/a>

200 Arizona Ave. Image courtesy of Stan Johnson Co.<\/em><\/p><\/div>\n

Stan Johnson Co. has completed the $6.7 million sale of a fully leased office building in Atlanta. The 25,416-square-foot facility serves as the headquarters of Big Nerd Ranch, a technology company. The tenant recently completed a lease extension at the property.<\/p>\n

A California-based private investor purchased the property in a 1031 exchange. According to public records, Standard Insurance Co. provided $3.5 million in acquisition financing. The long-term loan has a May 2045 maturity date. The asset previously changed hands for $4.6 million in November 2014, according to DeKalb County records.<\/p>\n

The building is located at 200 Arizona Ave. in the historic Kirkwood neighborhood. Developed in the 1950s, the property underwent renovations in 2014. Situated on a 2-acre site, the facility is within an opportunity zone. <\/p>\n

The Stan Johnson Co. team that represented the seller, a Dallas-based private investor, included Mollie Alteri, Joey Odom, Mike Sladich and Maggie Holmes. Earlier this year, another Stan Johnson Co. team facilitated the sale of a 402,604-square-foot distribution center<\/a> in Findlay, Ohio. <\/p>\n","protected":false},"excerpt":{"rendered":"

The property serves as the headquarters of Big Nerd Ranch, a tech company that recently extended its lease.<\/p>\n","protected":false},"author":1202,"featured_media":1004430616,"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":[33536,32877],"class_list":["post-1004430529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-investment","category-latest","category-office","tag-1031-exchange","tag-stan-johnson-company"],"acf":[],"yoast_head":"\nStan Johnson Co. 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