Westmount JV Sells 1.2 MSF Atlanta Business Park

The partnership acquired the 17-building portfolio for $82 million in 2015 and invested some $9 million in renovations.

A partnership between Westmount Realty Capital and Quilvest Capital Partners has finalized the disposition of Gwinnett Commons, a 1.2 million-square-foot business park spread across 115 acres in Norcross, Ga. The deal included 17 Class A industrial and office buildings and a 6-acre land parcel for a future development opportunity.

The portfolio consists of 13 light industrial and multi-tenant buildings completed between 1984 and 2000 and located at 1700-1865 Corporate Drive, along with four office buildings delivered between 2000 and 2002 and located at 4145-4165 Shackleford Road. Situated close to Interstate 85, the park is 22 miles northeast of downtown Atlanta.

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