ATLANTA—A joint venture of The Simpson Organization and Harbert Management Corp. sold the office asset. David Meline and Samir Idris of Cushman & Wakefield represented the seller.
Crestlight Capital acquired the 217,090-square-foot 730 Midtown, a class A office building located on Peachtree Street in Midtown Atlanta. The 11-story building is 92% leased.
The office building features on-site amenities including an outdoor courtyard with Peachtree Street frontage, a 55-seat conference center and on-site property management office.
CushWake believes 730 Midtown is strategically positioned to capitalize on Midtown's remarkable growth and momentum. Midtown includes the emerging Central Technology District, a collaborative environment that's home to corporate innovation centers and technology start-ups.
Atlanta moved up four spots to claim a spot as a top five market on CBRE's Tech Talent Scorecard. The top 10-ranked cities on the Tech Talent Scorecard were all large markets, each with a tech labor pool of more than 50,000. The San Francisco Bay Area, Seattle, New York, Washington, DC, Atlanta, Toronto, Raleigh-Durham, Austin, Boston and Dallas-Fort Worth made up the top 10.
“One of the things that stands out among the top tech growth markets is affordability,” Christian Devlin, a vice president of CBRE, tells GlobeSt.com. “In addition to strong education infrastructure, and a high quality of life, Atlanta provides not only affordable living but also a relatively low cost of doing business. It continues to be on one of the most affordable and compelling cities for technology companies to grow and thrive in.”
Cushman & Wakefield's Equity, Debt & Structured Finance group, led by Mike Ryan and Brian Linnihan, arranged acquisition financing.
ATLANTA—A joint venture of The Simpson Organization and Harbert Management Corp. sold the office asset. David Meline and Samir Idris of Cushman & Wakefield represented the seller.
Crestlight Capital acquired the 217,090-square-foot 730 Midtown, a class A office building located on Peachtree Street in Midtown Atlanta. The 11-story building is 92% leased.
The office building features on-site amenities including an outdoor courtyard with Peachtree Street frontage, a 55-seat conference center and on-site property management office.
CushWake believes 730 Midtown is strategically positioned to capitalize on Midtown's remarkable growth and momentum. Midtown includes the emerging Central Technology District, a collaborative environment that's home to corporate innovation centers and technology start-ups.
Atlanta moved up four spots to claim a spot as a top five market on CBRE's Tech Talent Scorecard. The top 10-ranked cities on the Tech Talent Scorecard were all large markets, each with a tech labor pool of more than 50,000. The San Francisco Bay Area, Seattle,
“One of the things that stands out among the top tech growth markets is affordability,” Christian Devlin, a vice president of CBRE, tells GlobeSt.com. “In addition to strong education infrastructure, and a high quality of life, Atlanta provides not only affordable living but also a relatively low cost of doing business. It continues to be on one of the most affordable and compelling cities for technology companies to grow and thrive in.”
Cushman & Wakefield's Equity, Debt & Structured Finance group, led by Mike Ryan and Brian Linnihan, arranged acquisition financing.
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