February 6, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $58 million sale of Piedmont Center 14, a Class A office building totaling 300,454 square feet in the Buckhead submarket of Atlanta, Georgia.
HFF marketed the property on behalf of the seller, and procured the buyer, The Ardent Companies.
The property is located at 3535 Piedmont Road within Piedmont Center, a multi-building office park containing 2.1 million square feet on 52 acres in the heart of Buckhead. Buckhead has long been considered Atlanta’s preeminent office market due to its renowned neighborhoods and multitude of hotels, restaurants, nightlife and upscale retail offerings. Piedmont Center 14 is positioned on 4.9 acres within the park and features 18 stories of Class A office space that is 79 percent leased to tenants, including MagMutual, Change Healthcare, Kenzie Lane and NCC Media.
The HFF investment advisory team representing the seller consisted of senior managing directors Richard Reid and Ryan Clutter and managing directors Ralph Smalley and Huston Green.