A Florida real estate trust says it has completed its sale of the Two Ravinia office building in Dunwoody for $78 million.
Parkway Properties Inc. on April 8 announced the sale of the 390,000-square-foot office building for $200 a square foot. Parkway had a 30 percent ownership interest in the property, which was owned by Parkway Properties Office Fund II LP, the company said in a press release.
“While Atlanta remains a core market within the Parkway portfolio, this transaction reinforces our
commitment to execute a proactive capital recycling strategy across assets where we believe we have
maximized value,” John V. Barton II, Senior Vice President and Managing Director of Parkway, said in a press release.
“Our recent strong leasing velocity at Two Ravinia combined with tightening office fundamentals within the Central Perimeter submarket provided us an opportunity to monetize our investment at attractive