Cushman & Wakefield is pleased to present the opportunity to acquire Paces West (the “Property”), an iconic centerpiece of Vinings, one of Atlanta’s most desirable and affluent executive areas.
Available at an 85%+ discount to replacement cost, Paces West presents investors with a moment-in-time investment opportunity to acquire a well maintained and historically top-performing asset that has undergone significant recent upgrades at a low-point in its occupancy history.
Currently 86% leased, Paces West will be rolling down to 47% occupied once current anchor tenant, Piedmont Healthcare, relocates to Midtown. With both a long track record of accommodating large users drawn to its unique 48k-SF crossover floors and exhibited success of a recently implemented spec suite program, future ownership is presented with optionality in capturing significant
leasing upside using this proven two-pronged approach.
Walkable to popular restaurants, entertainment, and retail destinations nearby, Paces West offers a plethora of amenities at its doorstep. The Property is also located within a short drive to The Battery, the submarket-defining, mixed-use development home to the MLB’s Atlanta Braves. This outstanding niche location featuring nearby amenities and dramatic views also boasts convenient dual-interstate access along with surface-street proximity to some of Atlanta’s most coveted decision-maker neighborhoods.