Lockwood Development Partners Acquires Medical Office In Alpharetta, GA For $21.1M

Lockwood Development Partners has acquired the Royal Ridge office building located at 11680 Great Oaks Way in Alpharetta, Georgia. The transaction took place on June 5, 2023, with a sale price of $21.1 million. The property, with a total area of 160,539 square feet, is a medical office situated on 13.2 acres. The price per square foot for this transaction was $131.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $21,100,000
• Address: 11680 Great Oaks Way, Alpharetta, GA
• Market: Alpharetta, GA
• Acres: 13.2

The buyer in this transaction was Lockwood Development Partners, while the seller was Richmond Honan.

Note: Lockwood Development Partners has acquired the Royal Ridge office building in Alpharetta, Georgia for $21.1 million.