Source: Doug Sams, Atlanta Business Chronicle
A downtown landmark on Peachtree Street has sold.
Zeller Realty Group bought 100 Peachtree, still known by many as The Equitable Building.
The price of the transaction was not disclosed and had not been entered into the Fulton County property records as of May 19. A partnership of Five Mile Capital Partners and Equitable Real Estate Partners was the seller.
For more than 40 years, the 33-story building has been one of the most recognizable features on the downtown skyline. Designed by architect Skidmore, Owings & Merrill, it was developed in 1969 by AXA Equitable Life Insurance Company as its Southeast headquarters.
For years, it's usually been part of many downtown skyline shots during big televised Atlanta sporting events. In 2008, its more than 300 blown-out windows were a powerful reminder of a storm that swept through downtown, spawning a tornado.
The sale of the 622,084-square-foot 100 Peachtree follows several large leases, including Georgia’s Own Credit Union’s deal to move its headquarters downtown and put its name atop the tower.
The building is now 82 percent leased.
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