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Atlanta & Southeast  + Georgia  + Office  | 

Tishman Speyer Atlanta Office Tower Trades for Record $268M

Three Alliance Center, a 30-story office tower in Atlanta’s Buckhead submarket, was acquired by the Florida State Board of Administration from New York developer Tishman Speyer for $267.5 million. The trade works out to $532-per-square-foot, the highest-ever price for an Atlanta market office property.

The 506,647-square-foot tower at 3550 Lenox Rd. NE, was completed in 2017. Tishman Speyer’s Three Alliance Center represents the final phase of the 1.5-million-square-foot Alliance Center complex in Buckhead

San Francisco-based Stockbridge Capital’s David Nix advised the State Board. CBRE’s Will Yowell and Justin Parsonnet handled the property sale on behalf of Tishman Speyer. Transwestern will lease and manage the tower for the new owner.

The State Board acted as the investment fiduciary for the Florida Retirement System Trust Fund. It is the Florida pension fund’s first office property acquisition in the market.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: Tishman Speyer, Transwestern
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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.

  • ◦Sale/Acquisition