The site is between the Dunwoody and Sandy Springs MARTA stations and near Perimeter Town Center, a $400 million proposed joint venture between Equity Office of Chicago and Atlanta-based Cousins Properties. The project will include an existing 235,000-sf building and one million sf of new construction, area industrial brokers tell GlobeSt.com. The tract for the proposed transit-oriented venture is at the intersection of Perimeter Center Parkway and Perimeter Center West.
TMW and Prudential officials couldn't be reached by GlobeSt.com's publication deadline.
Founded in 1994, TMW is part of the Munich-based TMW real estate investment group that has satellite offices in Paris, Madrid, Milan and Zurich. According to the firm's Website, TMW/Atlanta's portfolio comprises 29 million sf of commercial space valued at $4 billion in 45 U.S. cities.
The firm's most recent major acquisition was the $248 million, July 2002 purchase of the 50-story, 936,366-sf 181 West Madison office building in Chicago's West Loop from the Davis Cos. of Los Angeles.
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