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Parkside Adds to Atlanta Office Holdings
Parkside Partners bought The Peachtree, a 21-story building at 1355 Peachtree St., intending to undertake a significant makeover. Coastal States Bank provided acquisition financing. The seller was a joint venture led by Banyan Street Capital, represented by Eastdil Secured Savills in the deal. The Atlanta Business Chronicle reports the joint venture had purchased it for $60.3 million in 2015.
Parkside plans to add a coffee bar and other amenities as part of a seven-figure renovation aimed at upgrading the tenant experience. The approximately 345,000-square-foot building is currently about 50% leased. Eli Green and Kyle Jenks will lead leasing in-house for Parkside.
Parkside previously delivered the nearby Boundary project at 1389, 1401 and 1409 Peachtree St. Its other projects in the neighborhood have included the renovation of the building at 1280 West Peachtree St. into the headquarters for Interface Inc. and the renovation of 1438 W Peachtree St., which sold in 2021.
- ◦Sale/Acquisition
