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Atlanta Capital Markets

PMRG Buying Peachtree Lenox Building

You're hearing it here first. We expect an announcement any day now that PM Realty Group has purchased the Peachtree Lenox Building, the glass-encased, nine-story, 125k SF office building adjacent to Lenox Square. The Lionstone Group, which purchased the circa-'60s office building in 2005 for $21.76M, is listed as the most previous owner, according to Databank. Details on the latest transaction were not available as of press time, and officials with PMRG and Texas-based Lionstone were not available.

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