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Cumberland Office Building To Be Razed

Cumberland Office Building To Be Razed

As Fulton County Schools move in, PM Realty Group is helping a handful of companies move out. (Quickly, unless they want detention.)

We got word on a string of deals from PMRG's Bill Weghorst during our third annual Future of Buckhead summit this week. Fulton schools has purchased two of the three buildings at Powers Ferry Landing East in the Cumberland/Galleria submarket from KBS Strategic Opportunity REIT (6201 and 6151 Powers Ferry Rd) for the administrative offices of Fulton's board of education. (So you'll know where to find helicopter parents.) One of those buildings will be razed to make way for the new  Heards Ferry Elementary School as well.
powers ferry landing east
Bill tells us to help facilitate this transition, PMRG negotiated and moved nine tenants totaling 50k SF from the other two buildings into 6151 Powers Ferry Rd. And Bill gave us another hint: Another tenant, this time from Wildwood Office Park, is  on track to lease 26k SF in move there as well. But for now, he's mum on the name of the company.