The Ameris Center, owned by Ameris Bancorp, recently sold for $81 million after being purchased nine years ago at a 10% decrease from its original price. The property spans over 535,000 square feet and was acquired by B Group Capital Management of Miami. This equates to approximately $151 per square foot and is a significant drop from its previous sale in 2015 for $90 million.
According to the Atlanta Business Chronicle, B Group utilized a loan of $61.9 million from Truist Bank that will mature in June of 2029 to fund the acquisition of Ameris Center. Truist also held the initial loan amounting to $87.5 million which was secured by the property.
B Group prides itself on enhancing properties through strategic repositioning and renovations.
Atlanta Property Group places great importance on environmental issues such as reducing carbon emissions and creating healthy work environments for employees through retrofitting existing buildings with climate-conscious features.
In recent news reported by Connect CRE , Buckhead Office Project has been sold at a loss.
