Lincoln Property Company Southeast Completes $3.5M Sale of Communications Drive Office and Industrial Building

6/28/17

Chip Sipple

Lincoln Property Company Southeast (Lincoln) has announced it has completed the sale of a 56,600-square-foot office and industrial building in a prime location at 4261 Communications Drive in Norcross. Chip Sipple and Jeff Henson of Lincoln represented the seller, Flooring International Distribution Inc.

Young Georgia Properties LLC bought the building for $3.5 million. The previous owner decided to downsize into a space that better fit its operations. The new owner has moved in.

“This building offered a superior location in Atlanta’s largest industrial market in a great business park setting,” said Lincoln’s Sipple. “With a functional floorplan, top-of-the line features and a large warehouse, this Communications Drive building represented a tremendous opportunity for the new owner.”

The property consists of 11,597 square feet of office and showroom space with an open floorplan and a mixture of private offices and open work areas, as well as a 44,389-square-foot warehouse featuring 24-foot clear heights and drive-in, dock-high loading.

Additionally, the 4.75-acre property includes ample surface parking, an attractive landscaped environment and easy access to major roadways including I-85 and I-285.

About Lincoln Property Company

Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 250 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com.

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