The new four-acre venture will complement One Capital Plaza, an existing 17-story, 410,000-sf office tower on a three-acre pad. Rubenstein has been assembling the $65-million package for the past two years. Completion of Two Capital City Plaza is tentatively set for 2002.
Office rents in Buckhead, an affluent Atlanta district, are about $30 per sf range for class A space. This submarket had a 4.4% vacancy rate among its 9.2 million sf inventory in the first half, according to sources.The Two Capital City Plaza site has access to both Peachtree and Lenox roads and is adjacent to the Metropolitan Atlanta Rapid Transit Authority Station in Buckhead.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
