OVERSEAS INVESTOR ACQUIRES HEADQUARTERS FACILITY IN GEORGIA

KENNESAW, GA. — GEM Kennesaw, an overseas private investor, has acquired the 175,900-square-foot Heidelberg U.S.A. headquarters building as part of a 1031 exchange in Kennesaw, from a TIC controlled by Dallas-based MacFarlan Capital Partners, for $22.3 million. The Class A, two-story building is located at 1000 Gutenberg Dr. and is 100 percent leased by Heidelberg U.S.A., a wholly-owned subsidiary of Heidelberg Druckmaschienen AG. Falcon Real Estate Investment Company advised the buyer.