“Explore the Market for the Famous Flatiron Building”

"Explore the Market for the Famous Flatiron Building"

The iconic Flatiron Building has been a prominent feature of the Atlanta skyline for over 125 years. Originally home to various banks, it was recently acquired by Lucror Resources in October 2014 for $1.95 million and underwent extensive renovations costing approximately $12 million. The building has since been listed on the National Register of Historic Places and reopened in 2016 as “FlatironCity,” serving as a hub for startups and small businesses.

Currently, the building is up for sale with around 67% of its roughly 42,000 square feet already leased out to tenants such as the City of Atlanta’s Women’s Entrepreneurship Initiative and Alta Planning & Design. Additionally, Land of a Thousand Hills Coffee operates a popular cafe on the ground floor.

Despite its historic significance, there is significant interest in purchasing this property from both academic institutions and other potential buyers. Lee & Associates’ Michael Palazzone and Tim Head are leading efforts to market this unique opportunity.

This article originally appeared on Connect CRE.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts