Historic Healey Building Offers Office Condos

ATLANTA-Ultima Real Estate Services LLC developers Thomas Bauer and Robert Ullmann believe they have hit the bullseye in Downtown leasing opportunities by offering seven build-to-suit office condos for sale at the historic Healey Building at prices starting at $130,000 per unit or about 230 per sf. The units range from 561 sf to 3,372 sf.

Strategically located in the heart of Downtown’s historic Fairlie-Poplar District, the 16-story, 91-year-old building at 57 Forsyth St. already has sold 99 residential condos out of a total 118 units available. The residential condos take up the third through the 16th floors. The office condos will be on the second floor.

Ultima’s total renovation investment will be over $1 million, Bauer tells GlobeSt.com. The first office condos should be ready for occupancy in October, according to Ullmann, founder of Ultima Holdings and principal of the ownership entity. “Commercial office condominiums have been good investments for owners and have given good return to developers of those condominiums,” Ullmann says.