715 Peachtree was acquired by a partnership of Carter and Pacific Coast Capital Partners in July of 2015. The off-market transaction follows Carter’s long-standing history of developing and investing in Midtown Atlanta.
The vacant 318,000 sf Class-B office building and adjoining 505-space parking garage are ideally located at the corner of 3rd Street and Peachtree Street across from MARTA access and the famed Fox Theater.
The building was constructed in 1972 and was occupied by a single tenant until 2012. It has many unique attributes including an abundance of outdoor space, large, efficient floor plates, prime Peachtree retail frontage, and the ability to expand the building size by adding additional floors.
Carter is investing in significant renovations to modernize the building in an effort to attract growing technology companies which are increasingly flocking to the Midtown submarket, in large part due to its proximity to Georgia Tech.