550 Pharr Back to Office

 

550 Pharr

When 550 Pharr Road was purchased in 2012, the JV that purchased the 105,000 SF office building announced their plans to convert the structure into apartment-style living units. As Atlanta struggled to come out of the recession, those plans fell to the wayside and very little was done with the structure. That is until a few weeks ago, when Joel & Granot formed a JV with other in-town real estate firms to purchase the Buckhead building for about $60 PSF. The new owners plan to scrap the idea of converting it into apartment units and have decided to market the building as it was originally intended – as Class B office space. To help them entice new tenants, owners have announced that 550 Pharr will be added to the short list of buildings in Buckhead that offer free parking.

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