Jared Marcus & John Livanos Of LM Real Estate Partners Acquire Industrial Asset In Smyrna For $27M

The property asset involved in the transaction is a fully leased industrial building located at 5000 Highlands Parkway Southeast, Smyrna, GA. The sale price for this 154,000-square-foot property was $27,000,000, equating to a price per square foot of $175.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,000,000
• Address: 5000 Highlands Parkway Southeast
• Market: Smyrna, GA
• Square Footage: 154,000
• Price Per Square Foot: $175
• Buyer: Jared Marcus & John Livanos - LM Real Estate Partners
• Seller: Aaron Snegg - Berkeley Partners
• Loan Amount: Up to $19.63 million from BankUnited

The deal was facilitated by Jared Marcus and John Livanos representing LM Real Estate Partners, who have now made their third investment in the Atlanta area with this acquisition, in addition to previous properties including Windward Chase in Alpharetta and a cold storage facility in Hiram.