Northside Hospital has acquired Glenridge Point, a 184,912-square-foot office complex located in Sandy Springs, Georgia. The property was sold by Richmond Honan Development & Acquisitions for $14.2 million.
Colliers’ Tom Davenport and Dany Koe represented the receiver, B. Riley Advisory Services in the transaction.
According to Commercial Edge reports, this is not the first time that Glenridge Point has changed hands recently. In 2018, it was part of a portfolio transaction from Pope & Land Enterprises when Richmond Honan purchased it for $44.5 million. The office complex is situated at 100 and 200 Glenridge Point Parkway at the intersection of Interstate 285 and Georgia Highway 400 near Pill Hill medical hub and approximately fourteen miles from downtown Atlanta.
Originally built in 1970 on a parcel of land spanning over three acres, Glenridge Point underwent renovations between1999-2016 before being sold to Northside Hospital Group.The property boasts various amenities including an outdoor space with seating as well as designated EV parking spots.
The tenant roster includes eVestmentand Keller Williams Realty First Atlanta among others.This recent acquisition marks another successful investment for Northside Hospital Group within their expanding portfolio.
