03 May Brand Properties, Highwoods, BCDC Form Joint Venture to Develop Buckhead Office Project
Brand Properties, LLC, Highwoods Properties, Inc. (NYSE:HIW) and Batson-Cook Development Co. have formed a joint venture partnership to develop 2827 Peachtree, a 135,000 square foot Class ‘A’ boutique office building in Atlanta, Georgia.
The project will be on the iconic Peachtree Road in Buckhead, Atlanta’s premier sub-market, home to some of the finest restaurants and shopping in the Southeastern United States. The building will have more than 11,000 square feet of ground-level retail. It is 62% pre-leased.
“BCDC is thrilled to join Brand Properties and Highwoods on this development on Peachtree Road in the heart of Buckhead,” said Litt Glover, president and chief executive officer, BCDC. “With our partners’ leadership, 2827 Peachtree will be a success all the way around.”
With a best-in-class design, the project will include large, elevated patios with WiFi access and private balconies for select offices. The main entrance features a soaring archway with a valet drop-off.
Amenities include a fitness center, a boardroom available to all tenants and efficient operating systems. Tenants and visitors will have direct, covered access to the office building from all parking levels.
Atlas Collaborative is the lead architect. Planners and Engineers Collaborative is the civil engineer. Batson-Cook Construction is the general contractor. Construction of 2827 Peachtree is expected to begin in the first quarter of 2022, with a scheduled completion date in the third quarter of 2023.
ABOUT BRAND PROPERTIES
Led by some of metro Atlanta’s most seasoned real estate professionals, Brand Properties is dedicated to bringing innovative and vital thinking to the real estate investment process. With decades worth of combined experience, Brand Properties has the unique ability to leverage long-standing relationships with brokers, property owners, and lenders to ensure premium quality development projects. By always considering their partners, colleagues, and consumer first and foremost, Brand Properties strives to deliver services that embrace its integrity, loyalty, quality, and passion for the real estate business. Learn more by visiting brandproperties.com.
ABOUT HIGHWOODS PROPERTIES
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. For more information about Highwoods, please visit our website at highwoods.com.
ABOUT BCDC
Founded in 1963, BCDC is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, Batson-Cook Development Company offers a wide variety of real estate services, from development and construction to equity and credit enhancements to brokerage and property management. It is a wholly-owned subsidiary of Kajima USA. Learn more by visiting batsoncookdev.com.