Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
"Praedium will rebrand the property and seek to enhance the tenant experience through a modernization of the clubhouse and amenity space," says Kelsey Durels, a Praedium associate.
The $172 million purchase price reported by Real Capital Analytics ranks the sale as the second largest multifamily transaction in Atlanta metro history.
LinkedIn, a subsidiary of Microsoft Corp., signed a 25-year lease at One Wilton Park. Construction commenced on the nine-story office building in June 2018.