The Biltmore offers loft office space in the core of Midtown, the Southeast's technology innovation hub. The Biltmore provides a WalkScore of 92 and is within proximity to two MARTA stops. Tenants will also have access to 500,000 square feet of retail and more than 30 restaurants within walking distance, as well as 5,500 residential units.

“We are proud that this historic landmark is now officially part of Georgia Tech's thriving entrepreneurial ecosystem,” says Al Trujillo, president of the Georgia Tech Foundation. ”We will continue utilizing this iconic structure to grow start-ups, attract corporations to Tech Square and strengthen Georgia's economy.”

With more than 65,000 jobs within a 1.2 square mile radius, The Biltmore is at the heart of more than $1 billion in development activity. Future projections include nearly a 30% job growth in Midtown. The energy and talent surrounding the property have led to 96% occupancy in the building.

The Biltmore offers two restored ballrooms and three ground-floor restaurants for tenants' convenience. It stands as the only class A loft office space in Midtown's core.

Midtown Atlanta is certainly booming. Pershing Park Plaza, a nine-story class A office building in Midtown Atlanta, has traded hands for $45 million in August. Tenside Apartments, a 336-unit multifamily community in Atlanta, has traded hands. Carroll Organization acquired the asset as part of its newest investment vehicle, Carroll Multifamily Real Estate Fund IV, for $74 million. And in June, a tired vacant building in Midtown was promised a new lease on life.

“Real estate continues to attract record amounts of capital as yield hungry investors push pricing for all asset classes,” Mac McCall, regional managing partner for Franklin Street, tells GlobeSt.com. “As interest rates remain historically low and the economy continues to accelerate moderately we expect this trend to continue as demand out paces supply for all product types.”

ATLANTA—The Biltmore, a historic mixed-use property with class A office space in Atlanta's Midtown submarket, just traded hands. The sale price: $64 million.

Georgia Tech Foundation acquired the hotel asset from Novare Group. CBRE's Jay O'Meara, Will Yowell and Justin Parsonnet represented the Atlanta-based seller.

As The Biltmore is an extension of Georgia Tech and sits next to Technology Square, a globally recognized innovation center anchored by the university, the 286,931-square-foot mixed-use property is an especially strategic grab for the college. The buy comes in the wake of an announcement from Georgia Tech and Portman Holdings planned Coda building, which will house a high performance computing center in Tech Square.

“The Georgia Tech Foundation's purchase of The Biltmore further accentuates the university's impact on Midtown, Atlanta and the Southeast in general,” says O'Meara, CBRE senior vice president. “CBRE recently released a report ranking the top tech talent markets and Atlanta came in as a top 10 market, due in large part to Georgia Tech and the momentum in the surrounding blocks. The acquisition of a historic and attractive property such as The Biltmore will be a good fit.”

The Biltmore offers loft office space in the core of Midtown, the Southeast's technology innovation hub. The Biltmore provides a WalkScore of 92 and is within proximity to two MARTA stops. Tenants will also have access to 500,000 square feet of retail and more than 30 restaurants within walking distance, as well as 5,500 residential units.

“We are proud that this historic landmark is now officially part of Georgia Tech's thriving entrepreneurial ecosystem,” says Al Trujillo, president of the Georgia Tech Foundation. ”We will continue utilizing this iconic structure to grow start-ups, attract corporations to Tech Square and strengthen Georgia's economy.”

With more than 65,000 jobs within a 1.2 square mile radius, The Biltmore is at the heart of more than $1 billion in development activity. Future projections include nearly a 30% job growth in Midtown. The energy and talent surrounding the property have led to 96% occupancy in the building.

The Biltmore offers two restored ballrooms and three ground-floor restaurants for tenants' convenience. It stands as the only class A loft office space in Midtown's core.

Midtown Atlanta is certainly booming. Pershing Park Plaza, a nine-story class A office building in Midtown Atlanta, has traded hands for $45 million in August. Tenside Apartments, a 336-unit multifamily community in Atlanta, has traded hands. Carroll Organization acquired the asset as part of its newest investment vehicle, Carroll Multifamily Real Estate Fund IV, for $74 million. And in June, a tired vacant building in Midtown was promised a new lease on life.

“Real estate continues to attract record amounts of capital as yield hungry investors push pricing for all asset classes,” Mac McCall, regional managing partner for Franklin Street, tells GlobeSt.com. “As interest rates remain historically low and the economy continues to accelerate moderately we expect this trend to continue as demand out paces supply for all product types.”