FOR SALE

384 Peachtree Street

Atlanta, GA 30308

SOLD: The Medical Arts Building!! - $5,250,000

Landmark 88,000 sq. ft. building for sale with 266 parking spaces on 38,600 sq. ft. of land zoned SPI-1.

Located near the corner of Peachtree Street and Ralph McGill Blvd this 12-story Medical Arts building was designed in 1927 by prominent regional architect G. Lloyd Preacher, who also designed Atlanta's City Hall. It was the first high rise designed specifically for the medical profession, and deemed one of the most modern and well- equipped medical facilities in the country when it opened and was also the first to offer a covered parking garage. The building has been vacant for most of the 1990s.

Since January 2004, Barry Companies, Novare Group, and Coca-Cola have announced projects within a few hundred yards of this site. In adding the Georgia Acquarium, over 1/2 billion SF of development will take place in the immediate vicinity over the next five years.

Facade easement and historic designation are available. The property is located in the new east-side TAD.

Sets of original plans, the existing parking lease, updated phase 1 and phase 2 environmental reports and interior building reports are available in our offices at a cost of $150 per set, representing the cost of duplication.

There is a full fee of 2.5% available to the outside broker.