Zalik Investment Group Acquires 637000 Square Foot Office Park In Atlanta For $47.5M

A 637,000-square-foot office park located at 5901 Peachtree Dunwoody Road in Atlanta, GA, was sold for $47,500,000. The property spans 23 acres and is categorized as an office asset. This transaction reflects a significant decrease from its previous sale price of $95.3 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $47,500,000
• Address: 5901 Peachtree Dunwoody Road
• Market: Atlanta, GA
• Square Footage: 637,000
• Sale Price per Square Foot: $75
• Buyer: Zalik Investment Group
• Seller: Atlanta Property Group
• Buyer's Representative: Ryan Goldstein - RG Real Estate
• Seller's Representative: William Yowell - CBRE

A group associated with Zalik Investment Group acquired the office park as a value-add opportunity, focusing on the potential of the 1980s- and ’90s-era complex. The transaction was facilitated by CBRE and RG Real Estate, representing the seller and buyer, respectively.