4.1 Acres of Land for Sale Amid Explosive Growth in the Surrounding Tech Square District
Cushman & Wakefield announced today that a 4.1-acre land assemblage is for sale in Atlanta’s Midtown submarket. Pierce Owings, Matt Hawkins and Ron Willingham of Cushman & Wakefield have listed the property for sale on behalf of three owners, The Roman Catholic Archdiocese of Atlanta, Voya and the Hiott/Watson families.
“After many years of inefficiently operating in multiple locations, the Archdiocese of Atlanta consolidated its ministries in a single building in Cobb County approximately six years ago,” said John Schiavone, Director of Real Estate Development, Catholic Construction Services, Inc. for The Roman Catholic Archdiocese of Atlanta.
“Instead of selling the 680 West Peachtree property at that time, Archbishop Wilton Gregory invited the then-fledgling Cristo Rey Atlanta Jesuit High School to use the building,” he continued. “Blessed with great success, Cristo Rey quickly outgrew it and was able to secure sufficient space of their own. With Cristo Rey’s relocation to their new site, the Archdiocese is able to proceed with the sale.”
One potential use that has been evaluated is a mixed-use development containing office, retail and residential components totaling nearly 3 million square feet.
“With the war for talent on the front of every CEO’s mind, any land sites offering close proximity to the bright minds at Georgia Tech should receive strong interest,” Owings said. “This 4.1-acre development opportunity sits between Georgia Tech’s main campus, the explosive job creation being generated out of Tech Square and easy access to the world’s busiest airport via the MARTA North Avenue Station.”
Cushman & Wakefield’s Land Sales Practice Group has established itself as the Southeast’s preeminent practice when it comes to large, complex land holdings and master-planned development projects. For more information on Cushman & Wakefield’s Land Sales Team, visit our website.
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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.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.