Lavista Associates, Inc. is pleased to announce the July 23, 2014 sale of Shiloh Crossing in Alpharetta, GA. This two building, shallow-bay complex is located in The Meadows, a highly sought after business park in the North Fulton/Forsyth County submarket of north Metro Atlanta. Shiloh Crossing contains 71,640 SF, is 100% leased and is a prime example of the smaller, Class “A” industrial product so in demand by tenants.
Shiloh Crossing was sold to Passive Income Fund (”PIF”), a private Australian real estate investment trust investing in US commercial properties, and the sale meets North Atlanta’s highest price per square foot for this product type. The stabilized nature of the asset, combined with the high quality, institutional grade construction and dependable cash flow are just a few of the positive attributes of the investment that were attractive to PIF and its shareholders.
Will Grogan & Charlie Fiveash represented the owner and developer, Childress Klein Properties in the transaction.