The announcement in 2003 that Atlanta’s largest law firm, King & Spalding LLP, would be leaving 191 Peachtree for new Midtown offices created a ripple of concern for proponents of downtown.
Recapping the fourth quarter and looking ahead to where the commercial real estate market is headed, the Business Journal talked to brokers who specialize in office, industrial and retail space – Buck Forcum of Grubb & Ellis | Centennial; Drew Robinson of Nashville Commercial Real Estate; Services; Ben McKnight of Horrell Co.; Monte Turner of Turner & Associates; Peggy Sells of Colliers Turley Martin Tucker; and Steve Horrell of Horrell Co. Here are some of their thoughts about commercial real estate in the Nashville area:
Butch West, president of A-Z Office Resources, is inaugurating a buying spree in Middle Tennessee with the $2 million purchase of a building at 3014 Owen Drive, near Interstate 24 and Old Hickory Boulevard.
A group led by California-based Argus Realty has purchased the Shoreview Corporate Center for $73.4 million.
Two Houston firms have joined forces to create a $250 million fund to purchase office buildings around the country. But not just any office buildings — only facilities that have government employees working inside them.