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1355 State Street

0.34 Acres Development Pad with 303 Space Parking Easement

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1355 State Street Offering Memorandum

Property Overview

Avison Young’s Investment Sales has been retained on an exclusive basis to sell (the “Property” or “Project”), a 0.34 Acre +/- land site that includes a perpetual easement for 303 parking spaces, strategically located within

Atlanta’s premier mixed-use district Atlantic Station. The Property is offered on an “as-is, where is” basis, and offers Developers tremendous upside potential, due to its direct proximity to Microsoft’s 523k SF, two-building

Regional Headquarters known as “Atlantic Yards,” and its 645k SF Phase II development known as the Foundry. The Project offers Developers the ideal combination of stable, in-place cashflow exposure, located in the heart of Atlanta’s Atlantic Station development, an 8m SF walkable mixed-use destination including home to the two largest post-pandemic office leases in the form of Microsoft’s 523k SF BTS headquarters building as well as Piedmont Healthcare’s 180k SF HQ relocation from Atlanta’s West Paces Ferry submarket.

303 exclusive parking spaces within adjacent structured parking deck

In-place lease expires in 2027, providing mark-to-market opportunity

Phase II of Atlantic Yards will place additional constraints on parking

Parking cost savings of $60k per stall / $75k+ per unit on development
No FAR restrictions on density – see Zoning Memo in Data Room

Located within 138 AC Atlantic Station Development

Last Development Pad Available Between 16th and 17th Streets with Phenomenal Access

Location Map

Team

James Nelson

James Nelson

Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485
Nick Steen

Nick Steen

Senior Associate
Avison Young
+1 704 905 1447
Brad Sinclair

Brad Sinclair

Principal - Hospitality Group
Avison Young
+1.678.522.5000
Soern Osborne

Soern Osborne

Associate
Avison Young - US - GA - Atlanta
+1 (404) 807-8239