FAIRLEAD ACQUIRES TWO CLASS A OFFICE TOWERS IN METRO ATLANTA

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MARIETTA, GA. — Atlanta-based Fairlead Commercial Real Estate has acquired Parkway Center, two 12-story, Class A office towers totaling 458,861 square feet in Marietta, a northern suburb of Atlanta. The properties are located on a 16-acre parcel directly off of I-75 and South Marietta Parkway. Fairlead and its equity partners, Bridge Investments Group Partners, managers of the ROC Funds, purchased the buildings directly from the seller for an undisclosed price. Fairlead plans to invest approximately $4.5 million to upgrade the towers’ operating systems, common areas and tenant amenities. Jeff Shaw, Jim Caswell and Stewart Thrash of Fairlead will handle leasing Parkway Center, which was 54 percent occupied at the time of sale.

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