Avistone Acquires Peachtree Corporate Center in Atlanta, Georgia

By David Sheets | Nov 30, 2015 News / Portfolio
Peachtree Corporate Center

Avistone Industrial Property Fund I, LLC announces the acquisition of Peachtree Corporate Center located in Atlanta, Georgia. The 199,036 square foot multi-tenant flex / warehouse project is located in the 1-85 North industrial sub-market easily accessed by I-85 north with a 10 minute drive to the Peachtree Airport. Built in 1980, the project consists of six (6) buildings, and is currently leased to 53 tenants.

The company negotiated an acquisition price of well below replacement value, with healthy average cash-on-cash yields and a high IRR and investment multiple over a 5 year holding period.

The Atlanta market ranks sixth economically in the nation and is known as the “Capital of the South” with a population close to 6 million. The area has grown to one of the world’s top cities for business through a superior transportation infrastructure including the world’s busiest airport, the largest highway system in the South and extensive freight and passenger rail lines. The greater metropolitan area has had more than 1,000 companies choose to locate, relocate or expand there including State Farm, Asbury Automotive Group, Novelis, Pulte Homes, Athena Health and Sony Ericsson. “We are pleased to have entered the Atlanta market with the second acquisition for Avistone’s Fund.” said Richard Kent, Avistone’s Managing Principal. “This is an ideal property to have in the Fund and we are actively seeking more acquisitions similar to it in order to provide the yield, return, and mitigated risk we strive to achieve for our investors.

Avistone is a premier commercial real estate investment firm specializing in the multi-tenant industrial market. The company is currently acquiring and managing quality, stabilized multi-tenant industrial properties in major and secondary markets throughout the U.S. from $6 to $25 million. Investment units in Avistone’s Industrial Property Fund are priced at $50,000 each, and currently available. If you have interest in Avistone’s Industrial Property Fund investment offering, please contact us at [email protected]

*Important Disclosures:

This communication is intended solely for accredited investors as such is defined in the Securities Act, and is not intended as an offer to sell, or the solicitation of an offer to buy any securities or ownership interests. The opinions and forecasts expressed herein are solely those of Avistone, LLC, as of February 24, 2023, and subject to change. Actual results, future events, predictions, circumstances and events will vary and be different from those set forth herein, and there are no guarantees that any positive or successful results, express or implied, by investors will be realized. Avistone specifically disclaims any right or obligation to provide investor returns at forecasted levels. Avistone’s track record from 2013 to December 2022; no guarantee of future results. The performance information of Avistone’s prior projects has not been audited by any third-party. The track record metrics reflect the weighted average performance of all our clients, and not every investor experienced exactly these same returns. Any and all evaluations for investment purposes must be considered in conjunction with a final Private Placement Memorandum (the “PPM”); all prospective investors are strongly encouraged to read all “risk factors” in the PPM. Further, some of the initial information provided above contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties, and investors should not rely on them as predictions of future events. Investments in private securities contain a high degree of risk and often have long hold periods. They are illiquid and may result in the loss of principle. Avistone’s strategy may not occur due to numerous external influences.