Ackerman & Co. Represents the City of Morrow’s Urban Redevelopment Agency in the Sale of a 46,185 SF Business Center
Ackerman SVPs Sean Patrick and Steve Langford broker the sale of the multi-tenant office property located near Hartsfield-Jackson Atlanta International Airport
ATLANTA, February 7, 2019 – Ackerman & Co. has brokered the sale of Morrow Executive Center, a 46,185-square-foot office building located in the heart of the city of Morrow, Ga., south of downtown Atlanta. Senior Vice Presidents Sean Patrick and Steve Langford represented the City’s Urban Redevelopment Agency in the sale of the multi-tenant property to a private Atlanta investor. The price was not disclosed.
“We were successful in stabilizing Morrow Executive Center by boosting occupancy, providing the buyer the opportunity to take advantage of additional upside through further lease-up,” said Steve Langford.
Added Sean Patrick, “It was great working with the City of Morrow. We appreciated City Manager Sylvia Redic’s results-oriented approach in identifying different options to get this deal done.”
Located at 1115 Mt. Zion Road and offering a combination of executive suites and general office space, the single-story office building is located less than half a mile from Southlake Mall and gives tenants convenient access to Atlanta Hartsfield-Jackson International Airport, roughly 10 minutes away.
The wide mix of tenants in the building includes MARTA (Metropolitan Atlanta Rapid Transit Authority), Primerica and numerous professional services firms and medical practices.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has nearly 8 million square feet under management and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com