The Ardent Cos. has sold 1010 Midtown, a 44,302-square-foot urban retail center along Peachtree Street East in the heart of Atlanta’s Midtown area, one of the largest and fastest-growing submarkets in the Southeast.
East Coast Acquisitions purchased the asset for $38 million.
Completed in 2008, 1010 Midtown is 94-percent leased to a curated mix of high-performing tenants, including Sugar Factory, RA Sushi Bar, Piedmont Healthcare, Silverlake Ramen, Better Homes and Gardens Real Estate, Panera Bread, Sweathouz, Chipotle and Sage Dental. The center comprises the ground level of a 425-unit luxury condominium building that was not included in the sale.
1010 Midtown is located at 1080 Peachtree St. NE,  the epicenter of Midtown Atlanta which attracts a “who’s who” roster of corporate and technology tenants. The “main and main” location offers walkability and a dense customer base. Within a two-mile radius there is a daytime population of more than 21
