Southeast real estate development group Urban Story Ventures has sold nearly 280,000 square feet of single-level office buildings at Midtown Office Park to Greenleaf Capital. The sale was finalized earlier this month.
“Our leasing team has leased over 110,000 square feet of office space throughout the Midtown Office Park in the last year – and we’re near capacity,” says Jimmy White, general partner and president of Urban Story Ventures. “This sale will allow us to focus on adding value to projects through development and revitalization.”
Urban Story Ventures will continue providing property management, maintenance, leasing, landscaping and billing services for the multilevel buildings they own at the Midtown Office Park, including Osborne, Franklin and Uptain.
These commercial spaces are home to a variety of businesses and organizations in transportation and logistics, government, financial, insurance, legal, medical and other professional services.
Urban Story Ventures continues to make strides at the Bend, a 112-acre development between Riverfront Parkway and the Tennessee River in downtown Chattanooga. With most of its commercial properties at full capacity, the owners are focused on new developments throughout the Southeast.
Greenleaf is based in Georgia and has a portfolio of commercial office space, multifamily communities and retail properties.
Sources: Urban Story Ventures; Greenleaf Capital