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March 21, 2018  

Core-Plus Office Play in Atlanta

Parmenter Realty is marketing an office building in Atlanta’s Buckhead submarket to core-plus investors.The 348,000-square-foot Buckhead Tower at Lenox Square, at 3399 Peachtree Road NE, is expected to attract bids exceeding $100 million, or $287/sf. At that price, the buyer’s initial annual yield would be about 5.5%. HFF has the listing.Miami-based Parmenter acquired the property, then known as the Lenox Building, in 2012 for $59.3...

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