An Atlanta company has acquired more than half of the sprawling Midtown Office Park in the Brainerd area, where the firm plans to create a medical and government hub.
Greenleaf Capital purchased nearly 280,000 square feet of the business and office center off Brainerd Road, which for many years was known as Osborne Office Park, from Chattanooga-based Urban Story Ventures, according to the companies.
Jimmy White, Urban Story Ventures’ general partner and president, said Wednesday that Greenleaf bought all 10 of the single-level buildings in the 475,000-square-foot center for $22 million.
“It was a good deal for us and Greenleaf,” he said in a telephone interview.
White said Urban Story Ventures, which bought the center in 2017, had a lot of leasing demand throughout the pandemic.