Northside Hospital Acquires Glenridge Point Office Complex In Sandy Springs For $14.2M From Richmond Honan

The transaction involved an office complex consisting of 184,912 square feet located at 100 & 200 Glenridge Point Parkway in Sandy Springs, GA. Northside Hospital acquired the property for $14.2 million, translating to a price per square foot of $77. The seller was Richmond Honan Development & Acquisitions, who purchased the property in 2018 for $44.5 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $14,200,000
• Buyer: Northside Hospital
• Seller: Richmond Honan Development & Acquisitions
• Broker Representatives: Dany Koe & Tom Davenport - Colliers
• Square Footage: 184,912
• Price per Square Foot: $77
• Location: Sandy Springs, GA

The acquisition illustrates a significant transaction in the office market, facilitated by the brokerage team of Dany Koe and Tom Davenport from Colliers. The deal reflects the ongoing activity in the region regarding office space and the interests of Northside Hospital in expanding their property portfolio.