Hanover officials couldn't be reached at GlobeSt.com'spublication deadline to learn more development details. Hanoverdidn't disclose the acquisition price in its preparedstatement.
The land is in TrizecHahn's Alliance Center development atGeorgia 400 and Lenox Road. Land for residential use in that partof Buckhead is selling for between $30 and $50 per sf, according toAtlanta-based Richard Bowers & Co. That would make the purchasecost of the 1.52-acre tract between $2 million and $3.3million.
Brokers John Speros and Ron Wood of Bullock Mannelly PartnersInc. represented Hanover in the land transaction.
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