Lincoln Property Company Southeast (Lincoln) has closed the sale of 390 Brogdon Road, a two-building office/warehouse complex totaling 16,740 square feet in Suwanee, Ga. Lincoln was the court-appointed receiver for the property, and Denton Shamburger, vice president of industrial leasing at the firm, closed the sale at a purchase price of $825,000 on behalf of the owner and lender. Residential home builder Home South Communities purchased the property.
The nearly 4-acre complex, built in 2000, consists of a 9,000-square-foot warehouse and a 7,740-square-foot office building. The warehouse includes private offices, two docks and oversized roll-up doors. The office building includes multiple conference rooms, a break room and large work areas in addition to private offices.
“The industrial real estate market in Atlanta continues to improve, and we encountered a significant level of interest in this property,” said Tony Bartlett, senior vice president for Lincoln who oversees the firm’s Atlanta office. “Furthermore, the residential home market is making a strong recovery in the metro area, and this property will serve Home South well as construction ramps up in and around the city.”