{"id":1004051427,"date":"2012-06-01T12:27:37","date_gmt":"2012-06-01T20:27:37","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=50559"},"modified":"2020-04-08T11:47:25","modified_gmt":"2020-04-08T19:47:25","slug":"prei-buys-ten-peachtree-place-plans-to-achieve-leed-silver-for-the-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prei-buys-ten-peachtree-place-plans-to-achieve-leed-silver-for-the-property\/","title":{"rendered":"PREI Buys Ten Peachtree Place, Plans to Achieve LEED Silver for the Property"},"content":{"rendered":"<p style=\"text-align: justify\">By Georgiana Mihaila, Associate Editor<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/Ten-Peachtree-Place_1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-50561 alignright\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/Ten-Peachtree-Place_1.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a><\/p>\n<p style=\"text-align: justify\">Prudential Real Estate Investors has recently acquired midtown Atlanta\u2019s Ten Peachtree Place, a fully leased, 20-story, Class A office tower. Acting on behalf of a German institutional advisor, Prudential Real Estate Investors\u2014the real estate investment management and advisory business of Prudential Financial, Inc.\u2014has bought the building from a venture managed by Cousins Properties for an undisclosed amount.<\/p>\n<p style=\"text-align: justify\">Originally built in 1989, Ten Peachtree Place serves as corporate headquarters and flagship office to AGL Resources, Inc., one of the largest natural gas distributors in the U.S. Designed by world-renowned architect Michael Graves, the 260,000-square-foot building features a polished red granite exterior with reflective glass and a 30-foot-high granite arch and bronze entry door panels at the main entrance.<\/p>\n<p style=\"text-align: justify\">The building underwent a $30 million renovation in 2002, winning several awards for its <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/Ten-Peachtree-Place-Int.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-50562\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/Ten-Peachtree-Place-Int.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a>design, including the American Society of Interior Designers (ASID) Gold Award for Corporate Projects and The Office Building of the Year (TOBY) Award for the region presented by the Building Owners and Managers Association (BOMA) International. While the 2002 renovation was mostly focused on the building\u2019s interiors, a new $1.2 million renovation currently underway aims at achieving LEED Silver status for the building.<\/p>\n<p style=\"text-align: justify\">On top of the 20-story office building, the property includes an adjacent annex building with more than 3,000 square feet of rentable space and a 4.23-acre gated parking lot.<\/p>\n<p style=\"text-align: justify\">\u201cThis acquisition provides the rare opportunity to invest in a high quality, institutional grade asset, in one of Atlanta\u2019s true transit-oriented, urban environments,\u201d said Barry Howell, a principal with Prudential Real Estate Investors. \u201cThe location, in Atlanta\u2019s vibrant Midtown submarket, offers unparalleled access to transit, retail, restaurants, hotels, residential and premier cultural offerings. We expect this investment to provide long-term stability and value for our client.\u201d<\/p>\n<p style=\"text-align: justify\">Prudential Real Estate Investors has retained Cousins to manage the property.<\/p>\n<p style=\"text-align: justify\"><em>Images Courtesy of Cousins Properties Official Website<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-strong-job-growth-and-single-family-woes-to-boost-atlanta-apartment-sector\/1004051620.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a><a href=\"https:\/\/www.multihousingnews.com\/news\/according-to-market-report-long-island-city-n-y-is-thriving\/1004047937.html\" target=\"_blank\" rel=\"nofollow\">\u00a0<\/a>for more market data on Atlanta.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Georgiana Mihaila, Associate Editor Prudential Real Estate Investors has recently acquired midtown Atlanta&rsquo;s Ten Peachtree Place, a fully leased, 20-story, Class A office tower. Acting on behalf of a German institutional advisor, Prudential Real Estate Investors&mdash;the real estate investment management and advisory business of Prudential Financial, Inc.&mdash;has bought the building from a venture managed [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":1004506834,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21742],"tags":[39387,1815],"class_list":["post-1004051427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-latest","tag-atlanta","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PREI Buys Ten Peachtree Place, Plans to Achieve LEED Silver for the Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prei-buys-ten-peachtree-place-plans-to-achieve-leed-silver-for-the-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PREI Buys Ten Peachtree Place, Plans to Achieve LEED Silver for the Property\" \/>\n<meta property=\"og:description\" content=\"By Georgiana Mihaila, Associate Editor Prudential Real Estate Investors has recently acquired midtown Atlanta&rsquo;s Ten Peachtree Place, a fully leased, 20-story, Class A office tower. 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