Loudermilk Bell buys Harry Norman Building
The purchase is the latest move for Loudermilk Bell, which has ambitious redevelopment plans in Buckhead.
Loudermilk Bell has purchased the building on East Paces Ferry Road that is now home to the sales office of Harry Norman Realtors, according to a news release.
The 31,208 square foot office building is in the Buckhead Village market of Atlanta. Loudermilk Bell has extended the lease by ten years to allow Harry Norman, the sole tenant, to remain in the building.
In a prepared statement, Robin Loudermilk, President and CEO of The Loudermilk Companies and Co-Founder of Loudermilk Bell, said:
“We are excited to add this key property to our Buckhead real estate portfolio, and we are especially pleased to have a long term commitment from a prestigious tenant such as Harry Norman Realtors. The firm is synonymous with the Buckhead residential market.”
Loudermilk Bell is planning development on five key sites in the Buckhead Village market that are zoned for 1.4 million square feet of mixed-use space and complimentary to the Buckhead Atlanta project being developed by Oliver McMillan, which recently restarted construction.