180 Peachtree Street
Address:

Submarket:
Square Feet:
Date Acquired:
Taconic Value Add:
180 Peachtree Street
Atlanta, GA
Downtown
585,000
June 2000; Sold: March 2007
$24 Million Capital Improvement Program Resulting in one of Atlanta's Most Technologically Advanced Buildings
Property Overview 180 Peachtree Street is a 585,000-square-foot office building with two structured parking garages containing 1,296 spaces located at the corner of Peachtree and Ellis Street in downtown Atlanta.
Investment Strategy In June 2000 Taconic acquired the property from Federated Department Stores who operated a Macy's Department Store on the ground floor and lower level of the building until June 2003. Taconic's $24 million capital improvement program included lobby and common corridor renovations, vertical transportation, increased power, back up generators and additional fiber connectivity. This transformation resulted in a first class office/telecom building and one of the most technologically advanced buildings in Atlanta.

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