CP Group And Bawag Group Acquire Piedmont Center Office Complex In Atlanta For $200 Million

The property asset involved in the transaction includes four locations situated at 3575 Piedmont Road Northeast, 3565 Piedmont Road Northeast, 3535 Piedmont Road Northeast, and 3497 Piedmont Road Northeast in Atlanta, GA. The total land area measures 46 acres, and the asset is classified as an office. The sale was completed for a total price of $200,000,000, which corresponds to a price per square foot of $91, based on the total square footage of 2,200,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $200,000,000
• Square Footage: 2,200,000
• Price Per Square Foot: $91
• Buyer: CP Group & Bawag Group
• Seller: The Ardent Companies
• Market: Atlanta, GA
• Acres: 46

CP Group and Bawag Group acquired the property through a foreclosure sale, indicating their strategic investment in the Atlanta real estate market. The transaction reflects the capabilities of both buyers, with The Ardent Companies representing the seller in this deal.