HFF Arranges $23.5M Sale of Office Building in Metro Atlanta
ALPHARETTA, GA. — HFF has arranged the $23.5 million sale of Preston Ridge I, a 148,355-square-foot office building located at 3655 N. Point Parkway in Alpharetta, roughly 26 miles north of Atlanta. Ralph Smalley of HFF represented the seller, Barings Real Estate, a subsidiary of Barings LLC, on behalf of an institutional client. HFF also procured the buyer, The Simpson Organization. The six-story building was constructed in 1997 and features 25,000-square-foot floorplates, a circular entrance lobby and more than 590 parking spaces. The property is located less than a mile from Avalon, an 86-acre mixed-use development situated on Old Milton Parkway near Ga 400.