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“1375 Peachtree is a truly unique property and we're very excited to transform it into an office asset with modern, state-of-the-art amenities," says Jerry Banks, managing director for the Atlanta region at Dilweg.
Bill Concannon, CBRE's global group president and CEO of Global Workplace Solutions, in a GlobeSt.com interview explains how their facilities management is now on-demand and high tech.
The underlying issue with valuations is the appraisal review board within the appraisal system, says Rahul Patel, managing partner of Patel Gaines, a Texas-based law firm specializing in property tax issues.
The campus is located at 10200 Bellaire Blvd. in the Westchase District, just west of the intersection of Bellaire Boulevard and Sam Houston Tollway, and was built in 1979 with upgrades occurring in 2013.
When it acquired the 405,000-square foot building last year the company vowed to launch an aggressive leasing initiative once the improvements were complete.
"Strong demand for industrial space in the Suburban Essex submarket and high occupancy at the portfolio made this an ideal time to sell this asset,” says Stephen Cassidy, president of Denholtz Associates.
Our team just returned from ICSC in Las Vegas and by initial numbers, we are being told it was the busiest Las Vegas convention since 2001, which means we are back to pre-recession activity levels.
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