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PARKWAY AT 3344 PEACHTREE?

WASHINGTON DC 03.09.2017

TYSONS 2017 UPDATE

Building America's Next Great City

David Cheek -- Meridian Group
Kevin Sheehan -- Greystar
Bill Hard -- LCOR
PARKWAY AT 3344 PEACHTREE?
3344 Peachtree Road Parkway Properties Regent Partners due dilligence
Parkway Properties may be making more inroads in Atlanta. This time with one of the city's premier trophy towers. Sources tellBisnow Jackson, Miss.-based Parkway is in due diligence  to purchase 3344 Peachtree from Regent Partners. Many experts say the 483K SF Buckhead trophy could fetch  record pricing for a single asset in Atlanta, given a market that's extremely favorable to core assets. At 95% occupancy, with tenants installed for long-term leases, some expect Regent to achieve pricing similar to Cousins' sale of Pinnacle in 2004, when it traded for $145M, or even better. Officials with Regent Partners and Parkway could not be reached for comment. JLL's Chris Marshall  was tapped to market the tower earlier this year.