Real Estate News atlanta-financial-center

Published on September 29th, 2016 |

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For sale sign up on Buckhead’s Atlanta Financial Center office complex

Atlanta Financial Center, at 3343 Peachtree Road in Buckhead, is on the market for sale again, according to the Atlanta Business Chronicle—confirmation of a passing remark made during the Sept. 7 meeting of the Buckhead Community Improvement District

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.

 

 

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