Preston Ridge III Sells for $15 Million

Preston Ridge III

 

Germania Properties has just sold Preston Ridge III, the six-story office building north of Old Milton Parkway, to Hobbs Brook Management for $15 million. FM Global, the company that owns Hobbs Brook, currently occupies 43,000 Sf in Preston Ridge III and is the largest tenant in the building.

Cornerstone Real Estate has also been very active in the area. Cornerstone has recently purchased three buildings in the Alpharetta area, including Preston Ridge I.

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