ATLANTA--(BUSINESS WIRE)-- Rockwood Real Estate Advisors, a full service real estate investment banking firm, has announced that it has been retained on an exclusive basis to market the sale of Tower Place 200, a premier 13-story office tower in Atlanta, Georgia. Chris Turner, Managing Director in Rockwood’s Atlanta office, and John Bell, Managing Director of Rockwood’s Miami office, will be handling the assignment on behalf of the seller.
Tower Place 200 is a landmark Class A office building, containing 259,825 square feet in the heart of the prestigious Buckhead office market. The property is currently 85% occupied, and current tenants include Georgia State University, Prudential Insurance and AXA Equitable. The building has consistently attracted tenants due to immediate access to Georgia Highway 400 and major arterial roads. Access to the Marta Buckhead station also allows Tower Place 200 tenants and patrons enhanced commute flexibility. Tower Place 200 achieved LEED Gold certification in 2012, earning it unique distinction among its peers.
According to Chris Turner, “Tower Place 200 has been able to capture greater market share than competitors due to its efficient design, direct access to GA-400 and the array of amenities in the immediate area, including a wide selection of retail shops, restaurants and hotels. The property is expected to continue to benefit from recent momentum in the Buckhead office market, as well as a favorable employment outlook for the region. Atlanta is expected to add over 115,000 new office jobs through 2016.”
John Bell added, “Tower Place 200 represents an excellent investment opportunity and has already generated significant interest. We are very pleased to be able to market this property on behalf of our client.”
About Rockwood Real Estate Advisors
Rockwood Real Estate Advisors is a full-service real estate investment banking firm offering a broad range of financial advisory and transactional services and business solutions for clients in the commercial real estate industry. The firm completed over 100 transactions in the 3rd and 4th quarters of 2011 and is expecting to complete $4 billion - $5 billion in debt, equity and sales transactions in 2012. Headquartered in New York, Rockwood has offices throughout the country and is a subsidiary of CW Financial Services. For additional information, please visit www.rockwoodrea.com.
Source: Rockwood Real Estate Advisors