Freestone Real Estate Purchases Office Complex At 5780 Powers Ferry Road For $32.9 Million

The asset involved in this transaction is an office complex located at 5780 Powers Ferry Road Northwest in Sandy Springs, GA. This property, which spans over 400,000 square feet, was sold for $32.9 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,900,000
• Buyer: Freestone Real Estate
• Seller: Voya Investment Management
• Brokers: William Yowell & Jay O’Meara - CBRE

In this deal, Freestone Real Estate acquired the property from Voya Investment Management, a subsidiary of which was responsible for the sale. The transaction reflects Freestone's intention to reposition the office complex, originally built in the 1980s.