Coro Acquires Mixed-Use Project in the Heart of Atlanta
- Jan 14, 2016
By Balazs Szekely, Associate Editor
A Coro Realty Advisors affiliate has recently added 218 Peachtree St., a 356-space parking garage with 34,000 square feet of retail and office space, to the company’s portfolio. The acquisition is part of the Atlanta-based retail owner and operator’s long-term strategy to acquire and develop urban properties in rapidly growing areas.
Anchored by parking operator SP Plus Corp., North America’s largest parking operatior, most of the asset’s square footage is taken up by the parking garage. The additional 34,000 square feet of retail and office space is home to tenants like Pitty Pat’s Porch, Fire of Brazil and Jalapeno Charlie’s. The property also includes three digital billboards. It is located at the northwest corner of Peachtree Street and Andrew Young International Boulevard in Atlanta’s CBD, within walking distance of the city’s major tourist attractions such as the Centennial Olympic Park, the Georgia Aquarium, the World Congress Center, the CNN Center, the World of Coca Cola and the College Football Hall of Fame.
“218 Peachtree is well positioned to capitalize on Atlanta’s growing convention and tourism sectors,”said Coro Realty Partner Robert Fransen. “We also expect it to benefit from Downtown Atlanta’s overall commercial and residential resurgence.”
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