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Atlanta & Southeast  + Georgia  + Office  | 

Rubenstein, Monarch Acquire ATL’s Lindbergh Center from Columbia for $187M

Rubenstein Partners, L.P. and and Monarch Alternative Capital LP acquired Lindbergh Center, a 1.1-million-square-foot, mixed-use property in Atlanta, from Columbia Property Trust for $187 million. The Class A complex is built over Lindbergh Station, a key connection on Atlanta’s MARTA rapid rail system.

The new owners intend to implement a capital investment program to enhance the overall amenities at the property and re-create a neighborhood-friendly, mixed-use environment.

Columbia had acquired the twin 14-story office buildings that constitute the majority of the Lindbergh Center complex in 2008. The buildings at Piedmont Road and Lindbergh Drive, within Atlanta’s thriving Buckhead submarket, are fully-leased to AT&T until December 31, 2020.

Cushman & Wakefield’s Stewart Calhoun, David Meline, Samir Idris and Adam Spies represented the seller. Cushman & Wakefield’s Mike Ryan, Brian Linnihan and Richard Henry secured a floating rate loan from Mack Real Estate Credit Strategies, structured with future funding for renovations, repositioning capital, tenant improvements and leasing commissions.

*Photo credit Alex Arnett, APG Photography

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition