Onsite amenities at the property include a fitness center, business center, café, garage and surface parking, and a courtyard with landscaped gardens, granite waterfall features and shaded seating areas. KBS plans to make improvements to the property, including lobby and restroom renovations, enhancements to the fitness center, courtyard and common areas. Tenants can walk to a variety of dining, retail and hotel options near Crown Pointe, including Starbucks, Panera Bread, Target and the Perimeter Mall. Tenants can also easily commute to the property, which is located minutes from GA 400 and the Sandy Springs MARTA station, and also connects with I-285.
“We look forward to expanding KBS’ footprint in the Atlanta area with the acquisition of Crown Pointe,” said Jeff Rader, senior vice president at KBS and asset manager for the property. “Metro Atlanta’s thriving economy and job base, combined with its high quality and lower cost of living make it an ideal location to recruit top talent. The Central Perimeter submarket has been evolving into a bustling, 24/7 environment and is considered one of the Southeast’s largest employment centers. We believe tenants will enjoy working in this location.”
A diverse tenant roster currently leases space in the office towers, with companies in industries such as insurance, financial services, IT, law, engineering, healthcare, manufacturing and retail.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including KBS Strategic Opportunity REIT’s ability to invest in and manage a diverse portfolio, the performance of Crown Pointe and the performance of the Dunwoody real estate market. These statements are subject to known and unknown risks and other factors which may cause KBS Strategic Opportunity REIT’s and/or Crown Pointe’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.