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RealOp Investments acquires 12-building Atlanta-area portfolio n story by ARIEL TURNER
Greenville-based RealOp Investments has expanded its Southeastern footprint with the acquisition of three single-story office parks in the northeast submarket and Interstate 85 corridor of Atlanta. The portfolio, located within Gwinnett County’s Opportunity Zone, totals 560,000 square feet across 12 buildings, which were approximately 72 percent leased at the time of sale. The acquisition presents a value-add opportunity with steady in-place income, said Julian Nexsen, RealOp’s vice president of acquisitions and business devel-
opment. Representing the firm’s first foray into Georgia, the parks are currently branded as Breckinridge Exchange, Breckinridge Center, and Park Creek. Renaming is currently under consideration. The acquisition expands RealOp’s portfolio to five Southeastern states and 10 markets. Nathan Anderson and David Beak of NAI Brannen Goddard represented the seller in the transaction, which closed on May 2. Major tenants include Primerica, Polytron, UPS and Q-Matic.
Greenville, meet Fifth Third Bank. Front: Steven Niedringhaus, Regan McClain, Angie Long, Charlie Arndt Back: Richard Crumpler, Matt Gearhart, James Jones, Todd Ripley, Gency Kirk
We are proud to introduce you to our new Commercial and Private Bank team. To get in touch, contact James Jones at James.Jones2@53.com or call us at 864-558-2483. Fifth Third Bank, Member FDIC. CS5031
5.24.2019 | upstatebusinessjournal.com
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