Kyle Jenks Of Parkside Partners Acquires 345,000-SF Office Building In Atlanta From Rudy Prio Touzet

The Peachtree is a 21-story office building located at 1355 Peachtree Street Northeast in Atlanta, GA. The asset encompasses approximately 345,000 square feet and is currently about 50% leased. Parkside Partners has acquired this property from a joint venture led by Banyan Street Capital and will undertake a seven-figure renovation that will include the addition of a coffee bar and other amenities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Buyer: Kyle Jenks - Parkside Partners
• Seller: Rudy Prio Touzet - Banyan Street Capital
• Broker: Eastdil Secured Savills
• Market: Atlanta, GA
• Square Footage: 345,000
• Financing: Acquisition financing provided by Coastal States Bank

The transaction involved key individuals such as Kyle Jenks, representing Parkside Partners, and Rudy Prio Touzet, representing Banyan Street Capital. Eastdil Secured Savills acted as the broker for the deal, facilitating the acquisition and renovation plans that aim to enhance the property’s offerings in the Atlanta market.