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PUBLIC NOTICE OF SALE: Sale of 14-Story Presidential Tower: 222 Units on 5.5 Acres in Atlanta (S. Gregory Hays as Receiver)

PUBLIC NOTICE OF SALE OF ATLANTA OFFICE TOWER AND 5.5 ACRES

Hays Financial Consulting as Receiver and Greystone Brown Real Estate Advisors are conducting a sale by receiver of the Presidential Tower and surrounding acreage in  prime location at interchange of I-85 and I-285 used as a hotel, office condos, residential condos, and well-suited for other commercial or housing uses, such as student housing, senior living, or self-storage.

Property Highlights:

Year Built / Renovated: 1973 / N/A
Total Square Feet: 190,800 SF

14 Floors, 222 units

Site Details

Site Size: 5.5 Acres, 3 buildings, Tower has 14 floors, 222 units

Address: 4001 Presidential Parkway, Atlanta, GA 30340

Investment Highlights:

  • Prime location at interchange of I-85 and I-285, with extraordinary visibility and exposure to 426,000 vehicles per day; and immediate access to two interstates gives tower residents quick and easy commutes to major centers of employment throughout the metro area
  • The vacant tower has in past been used as a hotel, office condos, and residential condos, and also would be well suited to other types of commercial or housing uses, such as student housing, senior living, or even self-storage
  • Located in the Presidential Office Park, very convenient to Mercer University, Northlake Mall, and numerous upscale properties in Chamblee and Brookhaven that are under construction or recently completed, such as Brookleigh, Olmsted, and Parkview on Peachtree
  • The mixed-use redevelopment of the 165-acre former GM plant site, 1.5 miles west of Presidential Tower, is expected to transform northeast Atlanta plus millions of square feet of office, retail, and residences are planned, all centered around the Doraville MARTA rail station
  • Located just three miles southwest of the large TV and movie soundstages at Atlanta Media Campus and Eagle Rock Studios.

To access more detailed information about this property such as the Offering Memorandum PDF or other documents please Log in or Register.

 

RECEIVER

S, Gregory Hays, CTP, CIRA

Hays Financial Consulting, LLC
Atlanta Financial Center
3343 Peachtree Road Suite 200
Atlanta, Georgia 30326-1420
phone: (404) 926-0051
fax: (404) 926-0055
ghays@haysconsulting.net

 

GREYSTONE BROWN REAL ESTATE ADVISORS

1303 Hightower Trail, Suite 205
Atlanta, Georgia 30350
770-594-1915
Taylor Brown: 678-894-2219 taylor@brownra.com
Barden Brown: 678-894-2221 barden@brownra.com

 

THIS DEAL WAS ADDED TO THE DAILY DAC OPPORTUNISTIC DEAL DATABASE ON 11/21/16. TO SEE MANY MORE DEALS INVOLVING FINANCIALLY DISTRESSED COMPANIES AND OTHER TIME SENSITIVE SITUATIONS, YOU CAN SUBSCRIBE HERE.

About The DailyDAC Editors

The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.

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