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| Piedmont Center 14, 3535 Piedmont Road, Buckhead, GA |
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| Richard Reid |
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it
has closed the $58 million sale of Piedmont Center 14, a Class A office
building totaling 300,454 square feet in the Buckhead submarket of Atlanta,
Georgia.
HFF marketed the property on behalf of the seller, and procured the buyer,
The Ardent Companies.
The property is located at 3535 Piedmont Road within Piedmont
Center, a multi-building office park containing 2.1 million square feet on 52
acres in the heart of Buckhead.
Buckhead has long been considered Atlanta’s preeminent
office market due to its renowned neighborhoods and multitude of hotels,
restaurants, nightlife and upscale retail offerings.
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| Ryan Clutter |
Piedmont Center 14 is positioned on 4.9 acres within
the park and features 18 stories of Class A office space that is 79 percent
leased to tenants, including MagMutual, Change Healthcare, Kenzie Lane and NCC
Media.
The HFF investment advisory team representing the seller consisted of
senior managing directors Richard Reid and Ryan Clutter and
managing directors Ralph Smalley and Huston Green.
The Ardent Companies is a
group of companies operating as a privately held real estate investment and
asset management firm that combines the disciplines of research and
comprehensive due diligence with a commitment to long-term relationships
creating compelling risk adjusted returns for investors.
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| Ralph Smalley |
At its core, Ardent has an extensive and diverse
understanding of real estate, corporate finance, and banking that provide
multiple investment alternatives (e.g., loan and fee simple acquisition, bridge
lending, development/rehabilitation).
Ardent has earned a reputation for being a dynamic investor,
capable of expeditious due diligence and creativity focused on reaching the
closing table.
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| Huston Green |
CONTACTS:
RICHARD REID
GA Lic. #313257
HFF Senior Managing Director
(404) 832-8460
RYAN CLUTTER
NC Lic. #172952
HFF Senior Managing Director
(704) 526-2800
RALPH SMALLEY
HFF Managing Director
(404) 832-8460
rsmalley@hfflp.com
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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