Leveraging its nationwide footprint, two Stream Realty Partners offices assisted in the sale of a creative loft office development near Atlanta.
A Charlotte, North Carolina-based real estate investment firm recently purchased Apple Valley Brookhaven at 2700 Apple Valley Road in Brookhaven, Georgia, for an undisclosed price in an off-market transaction. The building was owned by Stream, a national real estate services, development, and investment firm with local offices in Atlanta and Charlotte.
Stream Atlanta Senior Vice President Mack Freudenstein–along with Stream Carolinas’ investment sales team of Executive Managing Director Jared Londry, Senior Associate Alex Olofson, and Senior Financial Analyst Parks Brown–represented the firm in the transaction.
“Investment and leasing demand for creative office properties in Atlanta remains at an all-time high as investors and tenants pursue opportunities that are highly amenitized and experience-driven,” Freudenstein said in a statement. “Thanks to the strong relationship my Stream Carolinas’ colleagues have with the buyer, we were able to get in front of their leadership and demonstrate the value of this rare office opportunity within Brookhaven’s high-growth corridor.”
Apple Valley Brookhaven is a single-story building with a total of 72,707 square feet. It was 85% leased at the time of sale, with office and retail tenants including Arnette’s Chop House, Porex Corporation, ISG Partners, and Aristocrat Leisure Limited. The property was built in 1961 and completely renovated in 2017 with a modern floor plan that capitalizes on natural light from 15-foot floor-to-ceiling windows. An open courtyard provides natural airflow and ample seating for tenants.
Located in Brookhaven, Apple Valley Brookhaven is steps from MARTA, single-family neighborhoods, and a host of shops and restaurants. Brookhaven is just a few minutes north of greater Buckhead.