The last existing 12,000-square-foot building in Buckhead Business Center — the office warehouse condominium development built by Grey Hammett and Phillip Haddad — has sold for $1.25 million, or about $106 per square foot. Buckhead Business Center sold the building to Buckhead Business Center II. The investment company purchased the property and will modify the building for an international company. Hammett and Danny Watts at Sealy & Falgoust Real Estate Company brokered the 10-year lease. The developers have permitted and planned the final building, which will be subdivided into 3,000-square-foot suites. Construction will begin later this year. “All of the existing office warehouse units have been sold,” Hammett says. “Only the retail building fronting on Sherwood Commons Boulevard is still available, so we decided to start the last building.”
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
