News
GRANITE TO BUY PIEDMONT CENTER 5-8?
March 28, 2013
Granite Properties could be making further inroads in Atlantas office market, with its eye on Piedmont Center.
Sources tell us Granite is under contract to buy Piedmont Center 5 through 8, a 500k SF, interconnected office building in the popular Piedmont Center office park. The sources indicate the price could be more than $65M, or the upper end of the $130/SF range.Teachers Retirement System of Illinois put the building on the market last year. Among its larger tenants: law firm Foltz Martin and MAG Mutual Insurance Co. Officials with Granite and CBRE (which is brokering the sale) declined to comment.
