Published on September 29th, 2016 |0
For sale sign up on Buckhead’s Atlanta Financial Center office complex
The black aluminum and glass Atlanta Financial Center’s location would be at the southern end of the BCID’s proposed $190 million to $245 million linear park that would connect the east and west sides of GA 400 and the Buckhead district and create more public gathering spaces.
A General Motors Co. affiliate and real estate company Hines own the 10-acre office and retail complex, which was on the market a year ago for close to $300 a foot, according to the ABC. This time, ownership is said to be starting at $250 a foot, expecting that bids may go much higher.
At more than 900,000 square feet, Atlanta Financial Center could sell for over $225 million, the Business Chronicle reported. The buildings are anchored by office tenants such as Atlanta law firm Morris, Manning & Martin and Sun Trust Robinson Humphrey.
General Motors Asset Management and Hines have owned the development since 2001. The partnership paid $154 million for Atlanta Financial Center 15 years ago. Eastdil Secured is marketing the property on behalf of ownership.
To read the Business Chronicle’s story, click here.