Glenfield Capital acquired Chastain Center, a prominent office park located in Kennesaw, GA, one of Atlanta’s top-performing submarkets. The portfolio comprises six buildings with 303,000 square feet and is 86% leased at time of purchase.
With high-credit stable income and long term leases, Chastain Center exemplifies Glenfield’s strategic move toward rebalancing their portfolio in favor of more stabilized assets. Additionally, the property has been improved with open-space, modern improvements that include the best improved interiors in the Northwest suburbs. Tenants within the portfolio include Aaron’s Inc., Dover Corporation and GSA.
Chastain Center is a collection of six single‐story office buildings located northwest of Atlanta, in the supply-constrained submarket of Kennesaw. The development is strategically positioned between I‐75 and I‐575, providing superior access to the site and the area’s high‐end neighborhoods and executive communities.