ATLANTA – January 12, 2016 – Coro Realty Advisors, an Atlanta-based retail owner and operator, announced today that one of its affiliates acquired 218 Peachtree Street. The property is a 356-space parking garage with 34,000 square feet of retail and office space. It also includes three digital billboards. The project is located at the northwest corner of Peachtree St. and Andrew Young International Blvd. in the heart of Atlanta’s Central Business District. Within walking distance are many of Atlanta’s major tourist attractions, including Centennial Olympic Park, the Georgia Aquarium, the World Congress Center, the CNN Center, the World of Coca Cola and the College Football Hall of Fame.
The property is anchored by SP Plus Corporation, North America’s largest parking operator. Notable retail tenants include Pitty Pat’s Porch, Fire of Brazil and Jalapeno Charlie’s.
218 Peachtree is part of Coro Realty’s long-term strategy to acquire and develop urban properties in rapidly growing areas. “218 Peachtree is well positioned to capitalize on Atlanta’s growing convention and tourism sectors. We also expect it to benefit from Downtown Atlanta’s overall commercial and residential resurgence,” said Robert Fransen, Partner at Coro Realty.
Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and the Southeast with intelligent real estate development and investment. The firm engages in Investment, Asset Management, Leasing and Property Management for a myriad of residential and commercial properties throughout the Southeastern United States.