A well-known and revered downtown Atlanta office building is on the market. On its website, JLL is offering the opportunity to acquire the 230 Peachtree office component, a unique value-add project in the heart of Downtown Atlanta. Designed and developed by John Portman in 1965, 230 Peachtree is 18 floors of office space totaling 280,084 square feet and benefits from a vertical mixed-use setting with a 206-room Hotel Indigo (not a part) below the office building.
The office component is 60% occupied. The existing office tenancy is 47% investment-grade credit and includes numerous tenants with long tenures at the building.
The Hotel Indigo offers amenities including a restaurant and bar, conference facility and gym. In addition to the in-building amenities, 230 Peachtree boasts dozens of walkable retail, living, and hospitality options with direct access to the Peachtree Center MARTA Station and central Atlanta highway corridors.
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