04 February, 2024

Georgia Baptists sell old headquarters at a big loss

https://www.timesfreepress.com/news/2024/jan/18/georga-baptists-sell-old-headquarters-at-a-big/

After seeking a buyer for years, the donor-funded Georgia Baptist Mission Board has sold its former Duluth headquarters (6405 Sugarloaf Pkwy) for about half what the organization originally paid for the land and building.

The $23.5 million sale, reported early this month by the convention's newspaper, stands in contrast to the $43.5 million the mission board has said it spent on the property, where it built the stately building in 2006.

Noted — and sometimes critiqued — for its grandeur, the five-story building sits on a roughly 40-acre plot on Duluth's Sugarloaf Parkway, across from the county sports and convention center, Gwinnett County property records show.