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Atlanta & Southeast  + Atlanta  + Office  | 
1100 Peachtree

Spear Street to Pay $130M for Midtown Atlanta Tower

1100 Peachtree, a 28-story Atlanta office building in midtown Atlanta, has been sold to Spear Street Capital, that’s according to the Atlanta Business Chronicle.

Spear Street could pay what is estimated to be around $130 million for the roughly 585,000-square-foot tower. Manulife US Real Estate Investment Trust currently owns the tower. It purchased 1100 Peachtree in May 2016 for $175 million.

JLL has been marketing the property. The company says the tower is 75% occupied.

The largest tenant is law firm Kilpatrick Townsend & Stockton LLP, which occupies the top seven floors and more than 140,000 square feet. The lobby and exterior spaces are being renovated.

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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
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