J.P. Morgan sells interest in Atlanta offices project

JLL, on behalf of institutional investors advised by J.P. Morgan Asset Management, has advised on the sale of an interest in Terminus 100 and 200, which had a total transaction value of $503 million.

The two Class A office buildings total more than 1.2 million square feet of LEED Silver-certified office space and 86,000 square feet of ground-floor retail in Atlanta’s Buckhead submarket.

Standing at 27 stories at 3280 Peachtree Road, the 656,000-square-foot Terminus 100 was completed in 2007 as the first tower at the mixed-use Terminus project. The 25-story Terminus 200, which houses 565,000 square feet, was completed in 2009 and is located at 3333 Piedmont Road Northeast. The buildings and grounds include designated parking structures with valet parking; the Gallery Walk at Terminus, which is a series of ongoing exhibitions that rotate every quarter; and The Commons, which houses retail, restaurant and service tenants.

Located in the heart of Buckhead where Peachtree and Piedmont streets intersect, Terminus is on the Buckhead Loop with excellent access to Georgia 400. A MARTA station and more than 15 hotels, 100 retailers, 50 restaurants 25 specialty retailers and about 5,000 residential units are all within walking distance of the project.