ATLANTA. Ga (August 2017) – Onward Investors, a national commercial real estate investment and development firm, has sold Lavista Business Park in Tucker, Ga. to Atlanta-based Adair Realty, Inc. Onward purchased Lavista Business Park in December of 2015.
Lavista Business Park is a four-building, 216,581-square-foot, Class B industrial office complex. The buildings are situated on 11.76 acres, located at 2038-2048 Weems Rd., near Lavista Road and I-285 in northeast Atlanta.
The property is 92 percent leased to tenants ranging in size from 6,000 to 18,000 square feet. Major tenants include United Micrographics; Veterans Administration; Atlanta Foam Recycle Center; Pure Red Marketing; and Sonnen Batterie, the U.S. headquarters for Sonnen, a German energy management company.
The buildings were constructed in 1972. Improvements consisted of exterior paint, landscaping and vacancy prep.
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 four million square feet of commercial properties across the United States. www.OnwardInvestors.com