…until we may know the new owner of Atlanta's first and largest mini-city, Atlantic Station. |
| The word from our sources is there have been two top bidders for what is being called Town Center at Atlantic Station— the over 550k prime retail center of the mixed-use development off 17th Street in Midtown. As has been reported, North American Properties is one. The other, we've learned, is Atlanta real estate firm Carter, with an undisclosed partner. Sources say the price should be north of $100/SF, or at least $58M. Coincidentally, the bid winner could be announced as early as tomorrow— the same day as our What's Up in Capital Markets breakfast panel (7:30 a.m. at the J.W. Marriott on Lenox Road in Buckhead). Officials with North American Properties, Carter, and Eastdil Secured (which is handling the sale of Atlantic Station) declined to comment. The impending sale should make comments by North American Properties' Mark Toro and Eastdil's Michael McDonald on the Capital Markets panel even more timely and interesting. Sign up now! |
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