Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 1550 North Brown Road, a Class A, single-story office property located in Lawrenceville, GA, according to Michael J. Fasano, regional manager of the firm’s Atlanta office. The asset sold for $8,450,000.

Korey Prefontaine, Paul Johnson, Bob Johnson, Tim Giambrone and William Bumgarner, investment specialists in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, 1550 North Brown, LLC. The buyer, a limited liability company, was secured and represented by Colliers International.

The property is a 69,652 square foot, multi-tenant Class A single office building, located directly adjacent and east of I-85 in Atlanta’s Northeast Submarket. The property is 93.6% leased by a diverse tenant mix with no near-term lease rollover.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com