Ten Capital Management (TCM) has completed the acquisition of two assets in suburban Atlanta, a 163,231-square-foot creative office complex on Peachtree Industrial Boulevard (Peachtree) and a 130,786-square-foot flex office/R&D/light industrial building on John’s Creek Court (Johns Creek). A sales price was not disclosed.
Both assets have reported significant leasing momentum throughout the pandemic and are located in affluent submarkets characterized by growth, wealth, high degrees of educational achievement, and household income, and the properties are close to amenities and robust highway systems. Somerset Properties is the co-general partner on the transactions.
“We’re excited to enter the Atlanta market with the acquisition of Peachtree and Johns Creek. Both properties are well-leased, high-quality, and in strong locations within the Northeast Atlanta submarket,” said Paul DiSandro, a TCM partner and portfolio manager.
Peachtree offers highly fl
