EQT Exeter Acquires Mixed-Use Asset In Duluth, GA For $36.25M

Satellite Place, a 289,000-square-foot flex office and industrial complex located at 2400 Commerce Ave in Duluth, GA, has been acquired by EQT Exeter for $36.25 million. The asset, a mixed-use property, was sold at a price of approximately $125 per square foot.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $36,250,000
• Buyer: EQT Exeter
• Broker: Casey Keitchen - Newmark
• Market: Duluth, GA

EQT Exeter, the buyer in this transaction, aims to enhance the value of Satellite Place by expanding the industrial space within the complex. The deal was facilitated by Casey Keitchen of Newmark, who represented the buyer in this acquisition.