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Holder Properties Buys Prime Buckhead Dirt for Estimated $50 per SF

ATLANTA-The locally based developer isn't disclosing the contracted price, but company officials aren't denying to GlobeSt.com that the number is at least $30 million or $2.17 million per acre for the 13.8-acre.

By Judith Schonbak | Updated on February 09, 2001

ATLANTA-Holder Properties went fishing and landed a whopper in the form of a 13.8-acre undeveloped tract adjacent to the 20-story One Buckhead Plaza at Peachtree Street and West Paces Ferry, one of the most visible commercial-entertainment intersections in the affluent Buckhead district, nine miles from Downtown.

The locally based developer isn’t disclosing the contracted price, but at the same time, company officials aren’t denying to GlobeSt.com the number is at least $30 million. That would make the parcel come in at about $2.17 million per acre or $50 per sf.

Holder bought the land from Bermuda-based Overseas Capital, which purchased the dirt for an undisclosed sum from MetLife and metro-based Taylor & Mathis. In a telephone interview with GlobeSt.com, Holder chief operating officer Scott Taylor wouldn’t confirm the purchase price or say what commercial project is planned for the newly-acquired site.

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