Investors Taking Note of Atlanta

With all the activity in Midtown – office, grocery and the 256-unit project on Spring Street New South Construction is building – it’s easy to focus there for CRE news. But what’s going on elsewhere?

In the last month, Buckhead’s second largest office tower, which is 78% leased, sold for $137.5 million. And in downtown Decatur, the Wells Fargo building was sold for $28.4 million, while in Alpharetta, Fiserv Inc.’s home was sold for $93 million.

These buildings were all purchased by companies not based in Atlanta and indicate our market is strong, which investors continue to notice.

– Sarah Funderburk, SPR Atlanta