Loudermilk Bell, LLC Closes on 415 East Paces Ferry Road, a 24,935 SF Office Building in the Buckhead Village Market of Atlanta
August 16, 2012 | By Staff / Loudermilk Companies
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.
Building at 415 East Paces Ferry Road purchased by Loudermilk Bell, LLC
The highly visible building serves as the Buckhead Village office for State Bank & Trust, 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 our long-term plans for the Buckhead Village market,” said Robin Loudermilk, president and CEO of The Loudermilk Companies and co-founder of Loudermilk Bell. “Having 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,” he added.
For Loudermilk Bell, this acquisition comes on the heels of the recent announcement of the company’s plans for a new boutique hotel on the site adjacent to the Buckhead Theatre (formerly known as the Roxy) on Roswell Road in the Buckhead Village market.
In addition, the company’s plans 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 are complementary to the new Buckhead Atlanta project being developed by OliverMcMillan and which restarted construction last week.
Loudermilk Bell, LLC, is a full-service real estate company based in Buckhead. The company founders are former Aaron’s President and CEO Robert C. “Robin” Loudermilk and veteran Atlanta real estate developer and former Hines Interests executive J. Dwight Bell.
Loudermilk Bell currently manages a diverse portfolio of existing properties, including office, retail, residential and mixed-use projects in core in-town markets.