Lakefield Professional Center is located on 3.98 Acres at the intersection of McGinness Ferry Road and Lakefield Drive in Johns Creek, Georgia. This property consists of two Class A office buildings, both built in 2007. The first building is a 3 story office building that is 35,832 Square Feet with an innovative design and of the highest quality building materials to ensure an above standard Class A finish. The exterior was completed in all brick and stone while the interior features granite floors and cherry wood paneling. One of the innovative design aspects incorporated into the construction of the building was the installation of highly efficient building insulation and an energy efficient, remotely programmable HVAC system. The use of highly efficient insulation and HVAC system leads to lower operating costs. The second building is a 9,400 SF 1 story office building, built with the same brick and stone exterior. The property also features easy access to Lakefield Drive and the intersection of McGinnis Ferry Road. The property was designed with ample parking, 194 parking spaces for the facility and extensive signage opportunities. Also, as a part of the original design the buildings are monitored by a state of the art security system. Located in a growing and affluent community and built with above standard design, Lakefield Professional Center is an ideal location for office and medical professionals.
 

In 2001 we purchased this 51,000 sq/ft retail center for $2.7 million. In less than 18 months we refinanced the building return more than 75% of our original investment. In 2006, we sold our interest in the property for $4.9 million.

Crossgate Partners was the asset and property manager for the newly constructed Eagles Landing Shopping Center, a 32,000 sq/ft retail center we purchased in 2002 from the developer. We spent 2 years filling the vacant space before we sold the asset in 2004. We generated a 26% annual return to our partners.

This is a 21,648 sq/ft retail center purchased in a large commercial shopping center project that included Wal-Mart, Kohl’s and many restaurants. Crossgate was the asset and property manager. We purchased this asset in 2003 and sold it 18 months later a 78.5% return on partner’s original investment.We had originally projected a total return of 36% over 3 years.