Buckhead corner could fetch $5M an acre - Atlanta Business Chronicle:

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The site, at the intersection of Roswell andBlacklanrd roads, is fetching an offed in the $12 million to $15 million sources said. The price per square foot of land in the parcep isbetween $100 to $115, accordingv to real estate data firm Databank Inc. Tom Lambros , foundetr of the popular diner, declineed to say much except thatthe restaurant’x ownership group knows about the offer. He indicateds the group may be in no rushto Landmark’s ownership could wait until the economt improves and Buckhead land prices startf to climb. The Landmark stands across from a mixed-use development, including condos, that’ s under construction.
In late 2006 and through much of prices for prime parcels inBuckhead soared, said Databank’e Alan Wexler. But with the economy slowing prices on key sites havelevelerd off. will take the thirs floor in Atlantic Station’s 201 17th the mixed-use development’s second office tower. Regusd provides fully furnished andequippeed offices, with at leas 950 business centers in 70 countries. It has 20 locations in metrio Atlanta. Regus will occupy slightlyg morethan 21,000 square feet, enabling the companyt to expand, said Michaelk Berretta, Regus vice president of business The design of 201 17th Streetf attracted Regus, Berretta said.
The building opened in Novembere 2007 as oneof Atlanta’s first offices towers to achieve Gold according to the standards of Leadershipl in Energy and Environmentalk Design, or LEED. The standards encourage more environmentallyconscious development, including energy Mike Shelly and Sonia Winfield of Carter represented developer Inc. Globaol Real Estate in the Kirk Diamond, senior vice presiden t at Carter, represented Regus. Atlanticv Station will add its thirdofficse tower, 271 17th Street, this spring. Its first 171, was completed in 2004.
Atlantic Stationb has landed big namesin Atlanta’s financial, legalo and real estate industries, including , , Arnalp Golden Gregory LLP, and Carter. recently sold its Cummingf Town Center shopping centeer forabout $58 purchased the 33-acre property, which is 100 percent leased, on July 11, accordinf to Databank. The price comeas out to about $195 per square foot. Sembler completed the centet this year. Its tenants include Dick’s Sportinvg Goods, Staples, Old Navy, and . Semblet intended to sell the 300,000-square-foot center quickly once it was saidthe company’s Jeff Fuqua. TRX Inc.
will relocate to new officex in ’s Park Central, downsizingb to 43,562 square feet. TRX, a computefr software developer that focuses on thetravelk industry, had about 81,000 square feet in ’ Druid Chase. The company posted a $3.3 milliohn loss for the quarter ende March 31 and itsstock (Nasdaq: TRXI) has hovere d between $1 and $1.50 for months, closiny at $1.24 on July 30. of Georgia Inc.
’sw Chris White and Allison Bittel represented TRX in the Grubb & Ellis’ Sam Zelony represented