Rubenstein Partner and Monarch Alternative Capital have formed a joint venture and purchased a 1 million-square-foot mixed-use property in Atlanta for $187 million.
The class-A complex known as Lindbergh Center is built over Lindbergh Station, one of the busiest connections on Atlanta’s MARTA rapid rail system and is also adjacent to the MARTA headquarters building.
The Lindbergh Center development is comprised of twin 14-story office buildings and is located at Piedmont Road and Lindbergh Drive within Atlanta’s thriving Buckhead submarket.
The property is fully let to AT&T until Dec. 31, 2020, and is also part of Lindbergh City Center, a 47-acre live/work/play development that includes numerous residential and retail offerings.
Rubenstein and Monarch intend to implement a capital investment program at Lindbergh Center that will enhance the overall amenities at the property and re-create the neighborhood-friendly, mixed-use environment at the hear
