Sale of Lake Ridge Technology Center
ICM Asset Management is pleased to announce the sale of Lake Ridge Technology Center, located in one of the most dynamic commercial districts along I-285 in Atlanta, GA. Lake Ridge Technology Center accommodates both office and warehouse needs with rear grade level drive-in door access. The four-building business park totals 188,265 square feet with ample parking and easy access to South Cobb Dr., I-285, and the East-West Connector.
Lake Ridge Technology Center was acquired by ICM Asset Management in November of 2018. Using ICM’s signature hands-on approach our team provided tenants with improvements such as landscaping enhancements, improved signage and exterior painting, upgraded HVAC, electric car chargers, and spec suites. At the time of disposition, the property was 75% occupied.
Lake Ridge Technology Center is a short drive to over 3.5M SF of nationally recognized retailers and restaurants. The park’s strategic location provides access to Atlanta’s newest and best amenities, including The Battery/Truist Park, Cobb Galleria Centre, Infinite Energy Center and easy access to Hartsfield-Jackson International Airport. The Cumberland/Galleria submarket has always been an attractive and economical choice for both large Fortune 500 companies and smaller, privately-owned businesses. With upscale neighborhoods in close proximity, as well as choice schools, this location has become one of Atlanta’s fastest growing submarkets.
