Principle Equity Opportunity Fund, LLC Acquires Parker Court

On April 15, 2008, Principle Equity Opportunity Fund, LLC acquired Parker Court, a 89.53% leased, nine-building, business service and distribution (flex) park containing 243,096 square feet.  The purchase price of the property was $1,425,000 below the appraised value and presents a great value-add opportunity.

 

This well built and beautifully landscaped park is situated on approximately 16.5 acres in the northeast suburbs of metropolitan Atlanta, providing local and regional access via the Stone Mountain Highway (US 78) and I-285.  US 78 is considered one of the major east-west traffic arteries of metro Atlanta and the immediate area is consider the most predominate business center in South Gwinnett County.