Thursday, April 9, 2015

Two Ravinia Drive sold to Franklin Street Properties

Dunwoody’s Two Ravinia Drive has sold to Franklin Street Properties for a gross purchase price of $78 million. Wakefield, Mass.-based Franklin Street (NYSEMKT: FSP) anticipates planned building capital investments (excluding leasing costs) of approximately $4.8 million to occur over the next three to four years, Franklin said in a prepared statement. The property was owned by Orlando-based Parkway Properties (NYSE: PKY). Parkway purchased the tower in 2011, as part of a $462 million deal with…

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