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Atlanta & Southeast  + Retail  |  April 21, 2021
David Cohen
By: David Cohen

Buckhead’s Restoration Hardware Building Trades for $50M

JLL has arranged the $50 million sale of Restoration Hardware (RH) Atlanta, a 63,831-square-foot, single tenant retail building net-leased on a long-term basis to Restoration Hardware in Atlanta’s Buckhead area.

Global lifestyle company RH has occupied the building since it was constructed in 2014. The property is located at 3030 Peachtree Rd. NW with frontage and signalized access on Peachtree Road, which is the most prominent thoroughfare in Atlanta with nearly 60,000 vehicles passing by the property daily. The sale included a large land parcel with significant development rights and approximately 500,000 square feet of unused floor area ratio (FAR).

Jim Hamilton, Coler Yoakam, Brad Buchanan and Andrew Kahn of JLL represented the seller, a partnership between an affiliate of LaSalle’s Income & Growth value-add fund series, Ferncroft Capital, Redan Group and Blackmount Real Estate Partners. The buyer was not disclosed.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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