A joint venture of The Simpson Organization and Harbert Management Corp. has closed the $35.3 million sale of 730 Midtown in Atlanta.
David Meline and Samir Idris of Cushman & Wakefield represented the seller, and acquisition financing was arranged by Cushman & Wakefield’s Equity, Debt & Structured Finance group, led by Mike Ryan and Brian Linnihan. Crestlight Capital acquired the 217,090-square-foot 730 Midtown, a Class A office building located on Peachtree Street in Midtown Atlanta.
730 Midtown is ideally positioned to capitalize upon Midtown’s remarkable growth and momentum, including the emergence of the Central Technology District, a world-class collaborative environment comprised of corporate innovation centers and technology start-ups. The 11-story building is 92 percent leased and includes an array of on-site amenities including an outdoor courtyard with Peachtree Street frontage, a 55-seat conference center and on-site property management office.
For more information about Cushman & Wakefield’s Office Investment Sales Team, visit our website.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit, www.cushmanwakefield.com or follow @CushWake on Twitter.
