B Group Capital Management Acquires Ameris Center In Atlanta For $81M

The Ameris Center, Atlanta's corporate hub for Ameris Bancorp, located at 3490-3500 Piedmont Road Northeast in Atlanta, GA, was sold for $81 million. The office property spans 535,000 square feet and the transaction was finalized at a rate of approximately $151 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $81,000,000
• Buyer: B Group Capital Management
• Seller: Jonathan Rodbell - Atlanta Property Group
• Lender: Truist Bank

B Group Capital Management, based in Miami, acquired the Ameris Center from Atlanta Property Group. The sale marked a 10% decrease from the property's purchase price nine years ago. The affiliate of the previous owner, Atlanta Property Group, made the decision to sell the corporate hub to B Group Capital Management, strengthening the presence of the buyer in the Atlanta office market.