Regent Partners, working with Florida's Morning Calm Management, is in exclusive talks to buy the 639,000-square-foot Tower Place 100 and its attached Tower Walk retail building at 3340 Peachtree Road, arranging up to $124 million in acquisition debt. Starwood Capital Group bought the 29-story tower for $192 million in 2015, then defaulted on a $212.5 million mortgage in 2023 as the building's value fell to $153 million and occupancy slid to 65%, with Tower Walk at 44%.
Charlie Ackerman developed Tower Place 100 in the 1970s as Buckhead's first office high-rise. A completed sale would be one of the largest office trades in Buckhead since the submarket's downturn began.
Why it matters
A trade at roughly half its 2018 value would reset the price floor for Buckhead's aging office towers.
Sources and documents3 sources
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