Avistone Acquires Gateway Oaks – 20th Multi-Tenant, Flex/Industrial Property

By November 5, 2018News, portfolio

Avistone announced today that it has acquired Gateway Oaks in Marietta, Georgia, a growing suburb of Atlanta. The Class A, 152,579 square-foot, multi-tenant, flex/industrial park represents Avistone’s 20th acquisition and its fifth in the Atlanta industrial market.

With this latest addition to its portfolio, the Orange County, California-based commercial real estate investment firm currently operates and manages 19 flex/industrial properties totaling 2,565,146 square feet in California, Georgia, Ohio, Texas, and Florida, and increases its total square feet purchased to 2,717,725.

Gateway Oaks is Class-A, 152,579 sq. ft., flex/industrial property in Atlanta, and is Avistone.'s latest acquisition.

“We founded the company five years ago and are pleased to have reached this milestone in a relatively short period of time,” said Richard M. Kent, president and managing partner of Avistone. “Adding this property to our growing portfolio of industrial parks in a highly competitive market is testament to the commitment of our talented acquisitions team.”

Avistone is currently seeking properties to add to its portfolio. The company targets stabilized and value-add multi-tenant, flex/industrial parks with more than 100,000 square feet in growing metropolitan markets throughout the U.S. ranging from $5 million to $50 million.