Avistone, LLC announced today that it has acquired Northwest Business Center in Marietta, Georgia, a burgeoning suburb of Atlanta. The 470,971 square-foot, multi-tenant flex/industrial park represents Avistone’s 19th acquisition – its fourth in the Atlanta market – and boosts the number of square feet owned, operated and managed by the Orange County, California-based commercial real estate investment firm to more than 2.5 million.
Northwest Business Center is strategically located in Atlanta’s vibrant Northwest market, which includes the newly constructed Atlanta Braves’ Sun Trust Park, the Battery (a newly constructed residential, office and retail development attached to Sun Trust Park) and a second IKEA location in the Atlanta market currently under construction. The area also includes the recently added Home Depot Marietta Technology Center and the Atlanta United Football Club’s headquarters and training facility.
“Northwest Business Center is our largest acquisition to date,” said Richard M. Kent, president and managing partner of Avistone, LLC. “We’re committed to delivering value to our investors, including providing monthly distributions from in-place cash flow. Consequently, we focus on acquiring multi-tenant flex/industrial properties with high occupancy rates in dynamic markets. Northwest Business Center definitely meets that criteria.”
Avistone is currently seeking multi-tenant flex industrial parks with more than 100,000 square feet in growing metropolitan markets throughout the U.S. The company focuses on stabilized or value-add properties ranging from $5 million to $35 million.
Founded in 2013, Avistone is a commercial real estate investment firm specializing in the acquisition and operation of multi-tenant industrial and business parks nationwide. Avistone owns and operates more than 2.5 million square feet of industrial space in California, Georgia, Ohio, Texas, and Florida. Additional information is available at https://avistone.com.
To learn more about Avistone and how you can benefit from its investments, 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.