Fairway acquires Class A-office building in Atlanta with Triad Properties Corporation

Fairway Investments and Triad Properties Corporation have acquired Clairmont Place, a five-story, 93,754 square foot, Class A office building in Atlanta, Georgia. Clairmont Place is 94% occupied and is positioned on a 4 acre site located off Clairmont Road near I-85.

The State of Georgia, via the Georgia Building Authority, leases 88,251 square feet of the building. The State of Georgia has the highest Standard & Poor Investment Grade Rating of “AAA.” The State’s space is occupied by the Technical College Systems of Georgia administrative leadership. Serving as a tremendous work force development generator, more than 36,000 students graduated last year from the State’s 25 colleges. Because the building has been a successful strategic fit for the Technical College Systems of Georgia, the System has been a building occupant for 22 years.

Completed in 1985, the Clairmont Place office building consists of architectural precast concrete panels alternating with reflecting ribbon glass. The recessed first and second floor corner is inset with curved glass which creates a striking architectural element that enhances the primary building entrance. The lobby features a two story entry lobby with a marble floor. Surface and structured parking provide ample parking for the building occupants.

Fairway Investments is pleased to have the opportunity to participate in its third joint venture with Triad. Triad Properties Corporation was formed as a Huntsville-based real estate operating company to acquire, develop, finance, lease and manage commercial real estate for a select group of private investors and institutional clients. Since 1993, Triad and its affiliates acquired/developed more than 8.4 million square feet of commercial space in markets such as Atlanta, Dallas, Nashville, Memphis, and Huntsville.