REBusinessOnline

GRUBB & ELLIS ACQUIRES 199,000-SQUARE-FOOT ATLANTA OFFICE BUILDING

ATLANTA — Grubb & Ellis Realty Investors has acquired the 199,000-square-foot One Live Oak office complex, located at 3475 Lenox Rd. in Atlanta, from Fort Worth, Texas-based Crescent Real Estate Equities for an undisclosed amount. The property, which includes a seven-level parking deck, is 92 percent leased; tenants include the Securities and Exchange Commission, University of Georgia Real Estate Foundation and Corporate Offices Georgia. W. Hayes Swann and Matt Tritschler of New York City-based DTZ Rockwood represented Crescent.

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