ATLANTA – Feb. 13, 2019 – The Real Estate team from global law firm Greenberg Traurig, LLP represented affiliates of The Ardent Companies in its purchase and financing of Piedmont Center 14. The acquisition was structured as the purchase of a single-asset REIT, which owned the 300,454-square-foot office building #14 that is located within the 2.1 million-square-foot Piedmont Center. This acquisition expands Ardent’s current holdings in the office park to ten buildings.
Shareholder Michael J. Baum led a cross-practice, multi-office Greenberg Traurig team included Stephen Goler, Deborah Mintz, Craig Glorioso, Ari Lustig, Carl Riley, Lawrence Brenman, Cara Hanson, Brian Colborn, Michael Schultz, James Martin, and Jordan Lewis.
“This deal highlights the depth of resources and capabilities of our national real estate team to build multi-office and multi-disciplinary teams of attorneys from essential practice areas, such as corporate, tax, and finance, to provide clients with strategic, multidimensional counsel,” Baum said.
Located in the Buckhead suburbs of Atlanta, the Piedmont Center 14 is within walking distance of best-in-class shopping, hotels, and restaurants, as well as high-end neighborhoods. The property features 18 stories of Class A office space that is 79 percent leased to tenants, including MagMutual, Change Healthcare, Kenzie Lane, and NCC Media.
About Greenberg Traurig's Real Estate Practice
The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 400 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, Latin America and Asia. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 39 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.