AP NEWS

Avistone Acquires 20th Multi-Tenant, Flex/Industrial Property

November 6, 2018

LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--Nov 6, 2018--Avistone announced today that it has acquired Gateway Oaks in Marietta, Georgia, a growing suburb of Atlanta. The Class A, 152,579 square-foot, multi-tenant, flex/industrial park represents Avistone’s 20 th acquisition and its fifth in the Atlanta industrial market.

With this latest addition to its portfolio, the Orange County, California-based commercial real estate investment firm currently operates and manages 19 flex/industrial properties totaling 2,565,146 square feet in California, Georgia, Ohio, Texas, and Florida, and increases its total square feet purchased to 2,717,725.

“We founded the company five years ago and are pleased to have reached this milestone in a relatively short period of time,” said Richard M. Kent, president and managing partner of Avistone. “Adding this property to our growing portfolio of industrial parks in a highly competitive market is testament to the commitment of our talented acquisitions team.”

Avistone is currently seeking properties to add to its portfolio. The company targets stabilized and value-add multi-tenant, flex/industrial parks with more than 100,000 square feet in growing metropolitan markets throughout the U.S. ranging from $5 million to $50 million.

About Avistone, LLC

Founded in 2013, Avistone is a commercial real estate investment firm specializing in the acquisition and operation of multi-tenant industrial and business parks nationwide. The company offers accredited investors the opportunity to purchase equity shares in its properties. Avistone owns and operates more than 2.5 million square feet of industrial space in California, Georgia, Ohio, Texas, and Florida. Additional information is available at https://avistone.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005255/en/

CONTACT: Editorial contact:

David Sheets

Vice President, Investor Relations

davids@avistone.com

office: 949.682.7216

mobile: 612.867.3393

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA GEORGIA

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Avistone

Copyright Business Wire 2018.

PUB: 11/06/2018 09:05 AM/DISC: 11/06/2018 09:05 AM

http://www.businesswire.com/news/home/20181106005255/en

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