JLL advises JP Morgan on the sale of its interest in Atlanta offices project
The 2 Class A office buildings are in Atlanta’s Buckhead market
ATLANTA, October 24, 2019 – JLL announced today that, on behalf of institutional investors advised by J.P. Morgan Asset Management, it 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.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Richard Reid and Ryan Clutter and Managing Directors Huston Green and Ralph Smalley.
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.
“Terminus is an iconic Atlanta office asset with an irreplaceable location in the Buckhead submarket,” Reid said.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $148 billion in assets under management and 750 professionals (as of March 31, 2019), the company offers strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives and hedge funds. Operating from 18 offices throughout the Americas, Europe and Asia Pacific, their independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information: jpmorganassetmanagement.com.