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Atlanta’s Buckhead Tower Sold for $97M

Buckhead Tower at Lenox Square, a 348,000-square-foot, Class A office tower in Atlanta’s Buckhead submarket, has been sold for a reported $96.5 million. The 19-story property is situated on a nearly two-acre site at 3399 Peachtree Rd. NE, and is directly connected to the Lenox Square Mall and the JW Marriott Hotel in Buckhead.

The seller was a joint venture led by Parmenter Realty Partners Fund IV, and the buyer was an affiliate of Atlanta-based TPA Group.

HFF’s Richard Reid, Ed Coco, Ryan Clutter, Dek Potts and Ralph Smalley represented the seller, a joint venture led by Parmenter Realty Partners Fund IV, and also procured the buyer.  HFF also placed the floating-rate acquisition loan with MetLife Real Estate on behalf of the buyer.

The property is near GA-400 and Interstate 85, and has direct MARTA and BUC bus transit options adjacent to the property.

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Connect With TPA GroupConnect With Parmenter Realty Partners Fund IVConnect With HFF’s Reid

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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