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Provident Realty Advisors Acquires Mixed-Use Asset From JDM Partners For $40.2 Million

Property Image
SOLD
$40,200,000

Georgia

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Mixed-use260,000 SF
Sold 08/12/2025
the dealdetailscomps
Property Image
SOLD

Provident Realty Advisors Acquires Mixed-Use Asset From JDM Partners For $40.2 Million

3000 Marconi Drive

See Similar Deals
Mixed-use260,000 SF
Sold 08/12/2025
the dealdetailscomps

Summary

GEORGIA
Asset Type:Mixed-use
Price Per Square Foot:$154
Total Square Footage:260,000 SF
Transaction Type:Sale

A mixed-use property located at 3000 Marconi Drive in Alpharetta, GA, has been sold for $40,200,000. The building comprises 260,000 square feet, translating to a price per square foot of approximately $155. Constructed in 1995, the asset spans 37 acres and is currently leased by State Farm for its printing and imaging operations.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $40,200,000
  • Sale Price per Square Foot: $154.62
  • Square Footage: 260,000 SF
  • Address: 3000 Marconi Drive
  • Market: Alpharetta, GA
  • Buyer: Provident Realty Advisors
  • Seller: JDM Partners
  • Previous Sale Price by Seller: $38.24 million
  • Year Built: 1995
  • Land Size: 37 acres
  • Current Tenant: State Farm

This transaction involved Provident Realty Advisors as the buyer and JDM Partners as the seller. JDM Partners acquired the property in 2015. The deal was facilitated under the representation of the respective entities involved in the transaction.

Players

Newmark
Newmark
BROKERAGE
Provident Realty Advisors
Provident Realty Advisors
BUYER
JDM Partners
JDM Partners
SELLER

Details

SOLD
IMAGE: 08/12/2025 ADDRESS: 3000 Marconi Drive MARKET: Alpharetta, GA ASSET TYPE: Mixed-use BUYER: Provident Realty Advisors SELLER: JDM Partners SALE PRICE: $40,200,000 SF: 260,000 ~ PPSF: $155 NOTE: Provident Realty Advisors paid $40.2 million ($154.62/SF) for a 260,000 SF industrial office building at 3000 Marconi Drive in Alpharetta, GA, acquiring it from JDM Partners, who bought it in 2015 for $38.24 million. The property, built in 1995 on 37 acres, is leased by State Farm for printing and imaging operations.

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