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7/17/2015 Carter Announces Purchase of 715 Peachtree Street Building in Midtown Atlanta Name Email Subscribe About Carter Carter Announces Purchase of 715 Peachtree Street Building in Midtown Atlanta ATLANTA (July 15, 2015) – Carter, one of the country’s leading real estate investment, development and advisory firms, announced today that it has formed a joint venture with PCCP, LLC for the purchase of 715 Peachtree Street in the heart of Atlanta’s “Midtown Mile.” The company plans significant upgrades and renovations to the building it purchased off‐market from a Washington D.C.‐based investor. Carter has retained CBRE to market the site and ASD | SKY for design services. Adjacent to the historic Fox Theater in the heart of Midtown Atlanta, the 10‐story building – originally constructed as a regional headquarters for J.C. Penney – was most recently occupied by Bank of America until http://www.carterusa.com/app­latest­news/carter­announces­purchase­of­715­peachtree­street­building­in­midtown­atlanta 1/3 7/17/2015 Carter Announces Purchase of 715 Peachtree Street Building in Midtown Atlanta 2012. It has been vacant since that time. “We are planning substantial improvements to the 715 Peachtree façade to enhance streetscape views, as well as in‐depth interior work, including a new lobby and common spaces,” said Matt Delicata, Carter vice president. “Additionally, the exterior spaces along Peachtree and 3rd streets will undergo a significant renovation, creating a destination gathering space in the Midtown market.” Located between downtown and Buckhead, the Midtown location offers superior access to I‐75/85, Georgia 400, and direct MARTA service to Hartsfield‐Jackson International Airport. The area includes numerous Fortune 500 companies and eight of the city’s 10 largest law firms. Each day, more than 81,000 employees travel to the area. With four miles of bike lanes, 14 miles of sidewalks, and extensive transit options, the location is one of the most accessible urban areas in Atlanta. “Initial tenant interest has been strong and we are excited to capitalize on this submarket’s momentum with such a strong, local operator,” said Kevin Chin, senior vice president with PCCP, LLC. Carter was founded in Midtown Atlanta in 1958 where it has deep roots. Since that time, the company has been involved in over 9 million square feet of projects including 1100 Peachtree Street, Campanille, AT&T Midtown, Atlantic Station and numerous projects for the Georgia Institute of Technology. For leasing inquiries, please contact Eric Ross, Clark Gore or Sabrina Gibson at CBRE at (404) 504‐7900. About Carter Carter is one of the country’s leading real estate investment, development and advisory firms with mixed‐use, multi‐family, office, student housing and education/institutional projects under construction around the country. The company, founded in 1958, is headquartered in Atlanta and has a proven history of creating values for its partners, investors and clients. Carter’s real estate professionals use a team‐based approach that leverages strong expertise and a deep knowledge base in a wide variety of markets. Carter specializes in developing mixed‐use, multi‐family and office developments in urban infill locations and developing student housing adjacent to universities. Carter also invests in value‐add real estate investment opportunities, having invested over $1 billion in assets in the past decade. The company’s program management practice provides representation to education, institutional and government clients, while its advisory practice advises clients and partners as they make strategic real estate decisions. For additional information on Carter, please visit: www.carterusa.com. (www.carterusa.com.) About PCCP, LLC PCCP, LLC is a premier real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has approximately $5.5 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco and Los Angeles, PCCP has a proven track record for providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP originates and services each of its investments, ensuring that clients benefit from added value and outstanding investment returns. Since its inception in 1998, PCCP has successfully raised, invested and http://www.carterusa.com/app­latest­news/carter­announces­purchase­of­715­peachtree­street­building­in­midtown­atlanta 2/3 7/17/2015 Carter Announces Purchase of 715 Peachtree Street Building in Midtown Atlanta managed approximately $10.5 billion of institutional capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with proven operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com (www.pccpllc.com). # # # « Go Back (http://www.carterusa.com/) © 2015 Carter & Associates, LLC http://www.carterusa.com/app­latest­news/carter­announces­purchase­of­715­peachtree­street­building­in­midtown­atlanta 3/3.
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