Investor Makes Big Play For AT&T's Buckhead Campus

AT&T Bridge
The 1277 Lenox Park Blvd. Building That Is Part Of At&T's Buckhead Campus

A Salt Lake City real estate investment firm is dialing in to AT&T's Buckhead campus.

Bridge Investment Group is expected to close on Lenox Park, a five-building office campus that has been home to AT&T for years, the Atlanta Business Chronicle reported. Bridge is expected to pay more than $225M – or $225/SF – for the buildings, according to the ABC.

AT&T has been downsizing its Atlanta office footprint this year. It announced that it was vacating 675 West Peachtree St., the 1.4M SF tower in Midtown owned by billionaire mogul Carl Icahn. The telecommunications giant also has vacated one of the buildings at Lenox Park, and is expected to vacate another in the coming years, Bridge CEO Jeff Shaw told the ABC.

Now, Bridge is eyeing a renovation of the office park that could include walking trails and enhanced connections to the nearby AMLI Residential project at Roxboro and East Paces Ferry roads.

“What makes this opportunity unique is it's such a park-like setting that is so close to everything,” Shaw told the ABC. “It's been thought of so long as an AT&T campus. Now, we have to reintroduce it to the market.”

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

JLL Nearly Doubles Profits, Fueled By Leasing Rebound

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

Newmark Posts Record Q2 Revenue, Holds Guidance Flat

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Fed Holds Rates In Split Decision As Iran War Hampers Inflation Fight

Allow Fortress To Reintroduce Itself: The Distress Specialist Is Expanding Its Game

'WeWork 2.0': Booming AI Startups Concern Some Data Center Execs

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Hotels Are Sliding, Offices Are Winning. Why Is CRE Increasingly Divided?