Third & Urban has sold Northridge Commons, a seven-building flex industrial campus in Sandy Springs, Georgia. The sale was made to BKM Capital Partners and Kayne Anderson Real Estate. The company made the sale after improving the property’s occupancy.
Third & Urban Sells Sandy Springs Industrial Campus After Boosting Occupancy
Third & Urban has announced the sale of Northridge Commons to BKM Capital Partners and Kayne Anderson Real Estate. The 471,000-square-foot flex industrial campus is located at 8601 Dunwoody Place near GA-400. Third & Urban acquired Northridge Commons in February 2025 and later repositioned portions of the property for flex industrial tenants.
Kayne Anderson Real Estate is the real estate investment arm of Kayne Anderson. It invests in properties across sectors such as medical offices, senior housing, student housing, multifamily residential buildings, and self-storage.
When Third & Urban purchased the campus, it was 83% leased to office, flex, and warehouse tenants, including Inspire Brands and Invitation Homes. During its ownership, Third & Urban converted underused office space to attract flex industrial tenants, increasing occupancy to 90% before the sale…