Christ Covenant Church Acquires Piedmont Place Office Building In Atlanta For $16.9M

Christ Covenant Church acquired the 94,000-square-foot Piedmont Place office building located at 3520 Piedmont Road Northeast in Atlanta, GA for $16.9 million. This transaction reflects a price per square foot of $180 within the market of Buckhead.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,900,000
• Buyer: Christ Covenant Church
• Seller: Fred J. Hall - Hall Capital
• Brokers: Austin Hibbard & Bradley Fulkerson - Transwestern
• Square Footage: 94,000
• Price Per Square Foot: $180

The acquisition of the property was facilitated by brokers Austin Hibbard and Bradley Fulkerson from Transwestern. Christ Covenant Church intends to utilize the building as a multi-tenant office initially and has plans for future development of a campus featuring a 2,500-seat sanctuary.