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JUNE 7, 2019

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Ascentris sells Atlanta suburban office property

by Released

Ascentris has sold Centrum at Glenridge, a 186,362-square-foot class A multi-tenant office building located in the Central Perimeter submarket of Atlanta.

The buyer and sale price were not disclosed.

The partnership acquired Centrum at Glenridge in April 2014, when it was 84 percent leased, and immediately commenced a repositioning of the property.

During its ownership, the partnership performed extensive capital improvements including conference center, café and restroom upgrades that lead to executing more than 80,000 square feet of leases, including early renewals with major tenants Havertys and Cumulus Media.

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