Real Estate

Piedmont Buys Atlanta Office Tower, Land For $95M

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ATLANTA—Piedmont Office Realty Trust has bought an office tower and a 1.5 acre development parcel within The Galleria in northwest Atlanta. The purchase price was $95.1 million. The 500,000-square-foot office development in the West Midtown submarket along the 17th Street corridor, will consist of two distinct buildings. A 17-year veteran of the commercial real estate industry, Lies joined Gazit Horizons at its inception in 2017, most recently serving as senior vice president. Artificial Intelligence (AI) is transforming what’s possible in CRE.

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