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Atlanta & Southeast  + Atlanta  + Office  | 
12-story vacant office building, 14th & Spring, on the block

Empty Atlanta Office Tower Up for Sale

The 14th + Spring office tower in Midtown Atlanta is on the market. Greenstone Properties and a Goldman Sachs affiliate are partners on the 12-story tower, which has remained vacant since its completion in late 2022. JLL is marketing 14th + Spring on behalf of the ownership.

The Atlanta Business Chronicle reports sources estimate 14th + Spring, which offers 324,000 square feet of office space at one of the busiest intersections in Midtown — can trade for anywhere around $250-400 per square foot, or roughly $81-130 million, a number partly due to the lack of tenants. In early 2022, Buckhead’s 3630 Peachtree tower sold for about $475 per square foot.

After beginning construction in 2020, Greenstone and equity partner Goldman Sachs delivered the tower in the third quarter of 2022.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition