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“1375 Peachtree is a truly unique property and we're very excited to transform it into an office asset with modern, state-of-the-art amenities," says Jerry Banks, managing director for the Atlanta region at Dilweg.
LeaseQuery helps accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software and implementation process.
Investors were attracted to the synergy among Northside Hospital and Glenridge, and the opportunity to develop the existing pad site for a variety of potential uses.
“Tyler's extensive knowledge and expertise will help this team continue to be one of the top office tenant representation groups in Atlanta,” says John O'Neill, regional managing principal of Cushman & Wakefield's Atlanta office.
The seller has invested more than $5.4 million in capital improvements since 2007, and the well-maintained property includes a recently renovated on-site conference center and café and 1,288 underground parking spaces.
With full occupancy and an 11-year projected net operating income growth of 40 percent, Uptown Square offers both stability of income and yield, says Avison Young's John Crotty