Braden Fellman Group Acquires Office Asset From Tower Renaissance LLC In Atlanta For $6.8M

The asset involved in this transaction is an office building located at 3101 Towercreek Parkway Southeast in Atlanta, GA. The sale price was $6,800,000, and the property spans approximately 100,000 square feet, resulting in a price per square foot of $68.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,800,000
• Buyer: Braden Fellman Group
• Seller: Tower Renaissance LLC
• Broker: Casey Keitchen - Newmark
• Square Footage: 100,000
• Price per Square Foot: $68
• Market: Atlanta, GA
• Sale Date: 06/23/2025

Braden Fellman Group's acquisition marks its first entry into a large office asset, indicating a strategic move for the firm. The acquisition occurs at a 40% discount from the property's 2004 sale and is priced 23% below last year's listing price. The property is currently 20% leased following the previous tenant's departure, with plans to attract new tenants and enhance occupancy levels.