Onward Investors Acquires Two Atlanta Metro Properties
ATLANTA, Ga. (March 2016) – Onward Investors, a national commercial real estate investment and development firm, has acquired two properties in metro Atlanta. The Georgia properties include Lavista Business Park in Tucker and 6465 E. Johns Crossing in John’s Creek.
Onward Investors, which acquires value-add properties in recovering markets throughout the U.S., resolves complex issues to stabilize the properties and derive value for investors.
The firm plans to make interior and exterior upgrades and stabilize both properties. Leasing at Lavista will be handled by Stream Realty and Lincoln Property Company will lease 6465 E. Johns Crossing.
Lavista Business Park
Lavista Business Park is a four-building office/warehouse park located at 2038-2048 Weems Rd. in Tucker. The buildings were built in 1974 and total 216,581 square feet. Lavista is currently 63 percent leased to tenants ranging in size from 6,000 to 18,000 square feet. Major tenants include United Micrographics, Veterans Administration and Atlanta Foam Recycle Center.
“Lavista Business Park provides easy access to almost any point in Atlanta,” said Jim Fritcher, executive vice president of Onward Investors. “The area also has limited land availability, making it very unique to find single-story office/warehouse buildings such as Lavista.”
6465 E. Johns Crossing
The 100,815-square-foot, four-story office building is located in Johns Creek, a highly affluent suburb northeast of Atlanta. Constructed in 1997, 6465 E. Johns Crossing is situated on 6.44 acres with lake views and access to walking trails. The building is currently 73 percent leased to eight tenants ranging in size from 1,700 to 24,700 square feet. Major tenants include Innotrac, Meriwether and Tharp, Cortrans Logistics and Anheuser Busch.
Johns Creek is an upscale community surrounded by unparalleled amenities, prestigious country clubs and a large supply of high-end executive housing. The Class A property is easily accessible from Highway 141 which serves as a vital connector linking the property to GA-400, I-85 and I-285, the three major arterial highways servicing all of the Atlanta metro.
About Onward Investors
Based in Minneapolis, Minn., Onward Investors LLC is a privately held commercial real estate investment and development firm that acquires and improves value-add properties in recovering markets for investors. Since its inception in 2011, the firm has acquired and managed more than 2.5 million square feet of commercial properties across the United States. www.OnwardInvestors.com