250 Piedmont Sells for $8.1 Million

250 Piedmont

The developer behind Krog Street Market has closed on 250 Piedmont for a surprisingly low price. Paces Properties paid just $8.1 million for the vacant, 20-story office building. Paces plans on converting the building from office space to residential space and branding the asset as an apartment tower. If Paces moved forward with this plan, their 300 units would join the 10,000 high0rise units along Peachtree from Buckhead to Midtown. Official plans with the city have yet to be filed.

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