Lincoln Property Company Southeast Brokers $3.1 Million Sale of Venture Center in Atlanta
Hunter Henritze, Michael Howell and Chip Sipple of Lincoln Property Company Southeast represented the seller, CRM Properties LLC, in the transaction, while Wyatt Realty Company represented the buyer, Wyatt Family Partnership LP.
Located between Atlanta’s Buckhead, Midtown and Emory areas, Venture Center is fully leased. Children’s Healthcare of Atlanta is the anchor tenant and in the fall of 2012, the firm renewed and expanded its lease to a total of 33,000 square feet through Lincoln’s leasing efforts. The building has signage and direct visibility from I-85 just north of the Lenox Road/Cheshire Bridge intersection and one mile south of North Druid Hills Road.
“Our team at Lincoln did an outstanding job managing, leasing and executing the disposition of Venture Center,” said Tony Bartlett, senior vice president of Lincoln Property Company Southeast. “The execution by our team to take a bank-owned asset and quickly increase the occupancy from 63 percent to 100 percent occupancy while identifying a qualified buyer able to execute a year-end close couldn’t have been scripted better.