River East Center
1515 SE Water Ave, Portland, OR 97214
9,290 m²
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.