ATLANTA – Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced it has brokered the sale of One Hartsfield Centre, a Class-A office building overlooking the north end of Hartsfield-Jackson Atlanta International Airport.
Nightingale Properties acquired the eight-story, 147,731-square-foot building from a large European pension fund, which was represented in the sale by Cassidy Turley Senior Managing Director Mike Shelly and Associate Vice President Sonia Winfield. New York-based Nightingale paid $10 million, or approximately $68 per square foot, for the building.
Cassidy Turley brought One Hartsfield Centre to the sales market in mid-2012 and since then, the firm has increased the building’s occupancy. Cassidy Turley represented the seller in a long-term lease of a full floor Triumph Motorcycles, which is moving its North American headquarters to the building.
“We were excited be a part of the sale of this quality asset,” Shelly said. “As one of few Class A office buildings with such close proximity to the airport, One Hartsfield Centre attracted a lot of interest in the marketplace.”
Cassidy Turley has represented the pension fund for more than 10 years. “We had success attracting new tenants to Hartsfield Centre and now have successfully completed the disposition of the property for our client,” Winfield added.
One Hartsfield Centre is the second office building Nightingale Properties, based in New York, has purchased in the Atlanta area. The investor also owns retail centers in metro Atlanta.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.