Writing · Marketing / Copy / Brand

2024-08-20
‘’The nearly 1 million-square-foot office property that sprawls across Georgia 400 is owned by an affiliate of New York City-based Sumitomo Corp. of Americas. Sumitomo declined comment. The company paid $222.5 million for the property in 2016. The loan balance is $122.5 million, according to marketing materials widely distributed to potential buyers. The materials did not name Atlanta Financial Center. The property being marketed was confirmed by the Chronicle after talking to real estate professionals. A consortium owns the loan, but the names of the lenders are unclear. The note is expected to sell for a significant discount to the loan balance, according to market sources. Its potential sale coincides with Atlanta-based law firm Morris, Manning & Martin LLP's announcement it will leave Atlanta Financial Center after almost four decades.’’
Marketing / Copy / BrandSales / NegotiationReal Estate (general)

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