1010 Midtown sells entire remaining commerical portfolio of 38,000 square feet

OK, so this just hot my inbox at 3AM Saturday morning.    It seems that 1010 Midtown finally sold all of their retail in the building.    Looks like the 38,000 square feet went for just under $400 a square foot.   Upon first glance, I think that sounds like a pretty good price.    The Bank of America Branch was the only slot on the bottom floor which was not currently held by 1010.     Thus the remaining tenants including CB2, Mi Cocina, Piola, RiRa, Ra Sushi, Panera Bread, and soon to be announced dining destination from an “in” chef, all were included in this 15 million dollar deal.        I suspect these outposts lease for between $50-70 a square foot, perhaps more?

Frankly I am surprised it has taken this long and no one jumped on this sooner.     I supposed the final large piece of Panera moving in held spur this deal.        Atlanta was considered a wasteland of Commercial properties just three or four years ago.  It is amazing what a few years have done to reverse that.   With many companies moving to Atlanta and starting here it is easier to understand how both office and retail space is finally starting to fill out.


Below are links from the Marietta Daily Journal with regard to the commercial sale, as well as a link to What Now Atlanta for info on Panera Bread.









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