Transwestern Brokers Sale of 87,025 SF Asset to Greenleaf Capital
January 12, 2022
ATLANTA – Transwestern Real Estate Services (TRS) announces its Southeast Investment Services Group has brokered the disposition of an 87,025-square-foot office property at 2300 Lake Park Drive SE in Smyrna, Georgia. Transwestern Senior Managing Directors Kevin Markwordt and John Bell represented the seller, Real Capital Solutions, in the sale to Greenleaf Capital, which purchased the value-add asset for $9.3 million.
“Our team continues exceeding seller expectations on pricing as we generate strong demand from investors seeking value-add office assets, like 2300 Lake Park, with a strong lease-up strategy,” said Markwordt. “Rising rents in a dynamic Atlanta submarket position new ownership to achieve excellent returns on this investment.”
2300 Lake Park Drive SE is a four-story office asset with an attractive tenant roster, including several government agencies. Tenants are a quick drive from the area’s top attractions, including the Chattahoochee National Recreation Area and The Battery Atlanta, a 1.5 million-square-foot, mixed-use development anchored by Truist Park, home of the Atlanta Braves.
The property benefits from its location in northwest Atlanta’s high-growth Cumberland/Galleria submarket. The region offers a robust amenity base, drawing decision-makers and workforce talent to the asset. The submarket’s direct vacancy is among the lowest in metro Atlanta.
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About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.