Holder Properties has acquired Peachtree Palisades, a 129,386-square-foot boutique office building, at 1819 Peachtree Road, according to a press release Wednesday.
CBRE arranged the sale of the 91 percent leased property.
CBRE’s Ryan Reethof, Justin Parsonnet, Will Yowell, and Jay O’Meara represented the seller in the transaction, privately held real estate investment and management firm ELV Associates which owned the property for nearly 20 years prior to the sale.
“We’re excited about the acquisition of this boutique building in such a fast-growing part of the Peachtree corridor,” Robert Holder, senior director at Holder Properties, said in the release.
“ELV Associates did a terrific job with this asset over the past twenty years, and our planned renovations look to improve on the building’s already strong reputation. Our goal is to enhance the property’s visibility along Peachtree as well as the day-to-day tenant experience through a reprogramming of the amenities and common spaces.”
Holder Properties has not revealed renovation specifics for Peachtree Palisades.
The purchase price was also not disclosed.