Freestone Real Estate has snapped up the roughly 400,000-square-foot office complex at 5780 Powers Ferry Road in Sandy Springs from a Voya Investment Management subsidiary for $32.9 million. Voya is not bolting entirely, though; the firm will stay put in about 80,000 square feet under a lease that runs through 2027, while Freestone figures out how to reposition the campus.
Deal details
As reported by Connect CRE, the office campus dates back to the 1980s and sits just inside I-285, near Holy Innocents’ Episcopal Church and Temple Sinai. Freestone represented itself on the buy side, and CBRE vice chairman Will Yowell and Newmark vice chairman Jay O’Meara led the assignment for Voya, according to the outlet.
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