Piedmont Center | Buckhead, Atlanta, Georgia_Property for Sale
Piedmont Center | Buckhead, Atlanta, Georgia_Property for Sale
Atlanta, GA, US, Americas

Piedmont Center | Buckhead, Atlanta, Georgia

Portfolio description

The Institutional Capital Markets Group of Jones Lang LaSalle, Inc. (“JLL”), as an exclusive advisor, is pleased to present the opportunity to acquire Piedmont Center, a 14-building, 2.2 million square foot, 46 acre office campus located in Atlanta’s highest demographic submarket of Buckhead. The offering represents a generational opportunity to control a prominent position in the Buckhead office market with significant in-place cash flows and highly flexible business plan optionality.


Located on Piedmont Road with direct access to the GA-400, MARTA and, the Peachtree / Piedmont Corridor, Piedmont Center benefits from an unparalleled base of F&B, retail, and hospitality. Further, Piedmont Center has direct access to some of Atlanta’s highest demographic neighborhoods in Buckhead.


Currently 63% leased with 4.1 years of weighted average lease term remaining, the entire 46 acre site is included in Buckhead’s SPI-12 SA-4 zoning designation. This unique zoning designation was amended to include Piedmont Center in 2020 and allows the next investor the ability to reimagine the campus setting with a mix of commercial and residential uses. Piedmont Center represents a generational opportunity for an entry into the Atlanta market with a large site, flexible zoning and meaningful in-place cash flows.

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Attributes

Buildings
14
Building area net
206,085 sm
Occupancy
62.6%
Land area gross
18.62 ha
WAULT
4.1 years
Zoning
SPI-12 SA4
Piedmont Center | Buckhead, Atlanta, Georgia (5 Properties)
Piedmont Center | Buckhead, Atlanta, Georgia (5 Properties)

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Investment highlights

  • Business Plan Optionality with SPI-12 Zoning and Strong Cash Flow
  • Attractive Entry Point into the Atlanta Market
  • Gateway to Atlanta's most Affluent Neighborhoods
  • Highly Amenitized Live-Work-Play Submarket
  • Expected to Trade at an Attractive Basis and Substantial Discount to Replication Cost
Piedmont Center | Buckhead, Atlanta, Georgia 4_Property for Sale
Piedmont Center | Buckhead, Atlanta, Georgia 4_Property for Sale

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Last updated
Oct 9, 2024