Greenstone Properties, RSF Partners Sell Atlanta Office Building

CBRE assisted the partnership in the $19 million disposition of the Class A asset located within the master-planned Wildwood Office Park.
3301 Windy Ridge
3301 Windy Ridge. Image courtesy of CBRE

A joint venture between Greenstone Properties and RSF Partners has sold 3301 Windy Ridge, a 106,574-square-foot office building within the master-planned Wildwood Office Park in Atlanta. Jeff Lopez and Christian Lopez acquired the asset for $19 million.

CBRE assisted the seller in the transaction. The property, situated in the Cumberland-Galleria submarket, previously changed hands for $15 million.

Located at 3301 Windy Ridge Parkway S.E., on 6.4 acres, the building was developed in 1982 and underwent cosmetic renovations in 2014, Yardi Matrix shows. The six-story asset features 21,300-square-foot floorplans, a wellness area and more than 300 parking spaces. The property was 98 percent leased at the time of sale.

Close to the intersection of interstates 285 and 75, the property is adjacent to the 1,700-acre Chattahoochee River National Recreation Area. The Battery and SunTrust Park are also in the proximity. Downtown Atlanta is approximately 13 miles south and Hartsfield-Jackson Atlanta International Airport is roughly 24 miles south.

CBRE Executive Vice President Tom Shafer and Transaction Manager John Hinson represented the seller. First Vice President Heather Lamb and Associate Parker Nelson will provide leasing services.

In May, a 414,000-square-foot office building traded just 2 miles south of 3301 Windy Ridge. The sale of Galleria 100 is considered one of the biggest Atlanta office deals in the first half of 2019.