Crown West acquires Atlanta office park
NORCROSS, GA – Crown West Realty, LLC has acquired the Northwoods Commons flex/office complex in the Atlanta suburb of Norcross, GA., from Chicago-based Rushmore Properties for an undisclosed price.
Thomas Shafer of Resource Real Estate Partners represented Rushmore while Crown West was self-represented.
Built in 1986, the three-building complex is located at 4940-5000 Peachtree Industrial Blvd., and contains 101,000 square feet. It’s currently 57 percent leased with major tenants including BravePoint, Inc., an information technology company, Advanced Control Systems and Delta Environmental Consultants.
Crown West plans to renovate and upgrade the interior and exterior of the property, which will continue to be leased and managed by Resource Real Estate Partners.
Rushmore acquired the property in June 2004.
Norcross is located roughly 20 miles north of Atlanta.