TIER REIT Re-Enters Atlanta Market
The company has acquired 3354 Peachtree development site.
TIER REIT, Inc. has announced that it has re-entered the Atlanta market with its acquisition of 3354 Peachtree Road, a prime, three-acre land site in the prestigious Buckhead submarket. The acquisition was made through a joint venture with an entity owned by Regent Partners and Batson-Cook Development Company.
The site is currently planned for the development of approximately 560,000 sq ft of office space, and is located in a strategic TIER1 submarket, given its urban location along the pedestrian bridge to MARTA’s Buckhead station and its walkability and access to various amenities including dining, retail, high-rise residential and hotels.
“We are pleased to re-enter the Atlanta market and reload our pre-development pipeline with this coveted real estate,” said Scott Fordham, chief executive officer, TIER REIT. “We look forward to partnering with Regent Partners in seeking appropriate pre-leasing and developing a trophy office tower on one of the best remaining land opportunities in Buckhead.”