- PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced it was awarded a sizeable property management and leasing assignment by American Realty Advisors (ARA) for Piedmont Center Buildings 9-12. The four-building development is part of the Piedmont Center office complex, located at 3495 Piedmont Road in the Buckhead submarket of Atlanta.
American has held a majority interest in the 549,980 square foot class A office complex since 2006 and effective Feb. 17, assumed control of the ownership of the project, which is located on 14.2-acres in the heart of Buckhead, offering easy access to GA-400 and MARTA.
American recently completed numerous enhancements to the property, including the renovation of each building's interior corridors and lobbies and expanded the amenity base by adding Simmers Grill, a sundry shop and a new state of the art video conference center for use by all tenants. In addition, the central courtyard area was completely transformed to provide a wonderful setting for tenants and guests by adding three new water features, upgraded landscaping, seating and hardscaping throughout along with providing WiFi access.
"We have a long-standing relationship with ARA and are extremely pleased to be awarded the management and leasing of Piedmont Center Buildings 9-12," said Bill Weghorst, Executive Vice President, Director of the Southeast Region. "The considerable enhancements and upgrades that American has made to the property positioning it as the premier product within the Piedmont Center office complex coupled with our past experience in Buckhead will be instrumental in the success of Piedmont Center Buildings 9-12 moving forward." About American Realty Advisors
American Realty Advisors, a California corporation, is an SEC-registered investment advisor who invests on behalf of tax exempt retirement plans. With over $4.5 billion in assets under management as of December 31, 2011, American has provided innovative real estate solutions to institutional investors for over 23 years utilizing core and value-added commingled funds and separate accounts. The firm's portfolios include office, industrial, multi-family, retail and other properties nationwide. More information regarding American can be found online at www.americanreal.com