Atlantic Station mixed use buildings in downtown Atlanta are 45% leased & just sold for $140 a square foot http://bit.ly/eeye7y

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  1. Jim, thanks for the link. The building that is less than 45% leased that sold was not mixed-use. It is an office building (the one with the BB&T logo on top). The leased percentage of the mixed-use retail in the Town Center was unfortunately not discussed. Here’s the quote from the article:

    AIG also sold its 25-story 271 Seventeenth Street building for $75 million, or about $140 a square foot, according to Databank. Several bids came in near that price, people familiar with the process said.
    The building is less than 45 percent leased. It’s home to a regional office for BB&T Corp. (NYSE: BBT), whose name sits atop the tower.

    The retail component of AS was 83% leased in April 2010 according to this AJC article http://www.ajc.com/business/for-sale-atlantic-stations-440747.html

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