Loudermilk Bell, LLC announced today that it has acquired, at an undisclosed price, a 24,935 square foot office building located at 415 East Paces Ferry Road in the Buckhead Village market of Atlanta.
This highly visible building serves as the Buckhead Village office for , which occupies a majority of the building that sits on a prominent site at the intersection of East Paces Ferry Road and Buckhead Avenue.
"We are delighted to make this acquisition; the property fits well into out long term plans for the Buckhead Village market," commented Robin Loudermilk, President and CEO of the Loudermilk Companies and Co-Founder of Loudermilk Bell. "Having a State Bank & Trust as a tenant is certainly a big plus for this important acquisition. We hope it will be a long term relationship between both parties."
For Loudermilk Bell, this acquisition comes on the heels of the on the site adjacent to the . In addition, their development plans also include new office/ retail development along East Paces Ferry Road, as well as other development on strategic sites in the Buckhead Village.
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, .
Loudermilk Bell, LLC is a full service real estate company based in Atlanta. The company's founders are former Aaron's President and CEO Robin Loudermilk, Jr. and veteran Atlanta real estate developer and former Hines executive, Dwight Bell.
Loudermilk Bell currently manages a diverse portfolio of properties including office, retail, residential and mixed use projects in core in-town markets.