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November 17, 2014

Ackerman & Co. Sells Westside Center for $7.4MM

Atlanta, November 17, 2014 – Ackerman & Co. and affiliates have sold Westside Center, 10745 Westside Way in Alpharetta, Ga., for $7.4MM ($122 per square foot).

Westside Center, a three-story, class “A” office building, was purchased by Ackerman in 2012 and underwent considerable capital improvements. The 60,500-square-foot building was 89 percent occupied at the time of sale by high-quality tenants VT Group and REACH Health, among others.

GASCO Real Estate Holdings LLC (an affiliate of Realco), sought and purchased the property mainly because of its Alpharetta location. Transwestern’s Kevin Markwordt brokered the sale on Ackerman’s behalf. Jones Lang LaSalle’s Paul Hanna, Katie Elliott and Shan Gastineau represented the buyer.

– About Ackerman & Co. –

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

For more information on Ackerman & Co., visit www.ackermanco.com