Atlanta Plaza Explained

Salesforce Tower Atlanta
Location:950 East Paces Ferry Road NE, Atlanta, Georgia
Coordinates:33.8466°N -84.3571°W
Completion Date:1986
Owner:Banyan Street Capital & Oaktree Capital Management
Cost:$137.5 million
Floor Area:142,142
Floor Count:34
Parking:Parking Deck
Building Type:Office
Current Tenants:Salesforce (Pardot), RentPath, The Roth Firm, Rubicon Global
Renovation Date:08/01/2017
Roof:425feet

Salesforce Tower Atlanta is a 425 ft (130m) tall skyscraper in Atlanta, Georgia. It was completed in 1986 and has 34 floors. Smallwood, Reynolds, Stewart, Stewart & Associates, Inc. designed the building, which is tied with 1100 Peachtree as the 25th tallest building in Atlanta. A second tower with the same profile, but boasting ten additional floors, and a four-hundred-room hotel were originally planned for the surrounding site but never built.[1]

The building entry is undergoing renovations. Renovations are to begin August 1, 2017.

On October 17, 2018 Salesforce.com announced plans to occupy 3 additional floors. This will bring their total occupancy to 7 floors thus earning Salesforce naming rights to the tower.

Other office occupants include RentPath, Rubicon, SAS Institute, Ademco, Soltech, iFOLIO, and Carat.[2]

History

Construction began in March 1984.[3] The building was constructed as a joint venture by Vantage Properties of Dallas and Travelers Insurance.[4] In 1988, Sumitomo Life Realty acquired the building.[5] In 1999, the building was purchased from Sumitomo Life Realty by a public pension fund.[6]

See also

References

Notes and References

  1. News: Salter . Sallye . 1986-02-03 . Nearly a third of new Atlanta Plaza leased . 29 . The Atlanta Constitution . 2022-04-11.
  2. Web site: Communications +1 407 4045014. Katrin Perkins Corporate. KKR Acquires Iconic Salesforce Tower in Atlanta's Buckhead. 2021-09-23. CBREUS. en.
  3. News: Salter . Sallye . 1984-03-17 . Work starts on office tower in Lenox area . 26 . The Atlanta Constitution . 2022-04-11.
  4. News: 1987-06-15 . One Atlanta Plaza luring neighbors . 21 . The Atlanta Constitution . 2022-04-11.
  5. News: Salter . Sallye . 1999-12-01 . Today's topic: commercial real estate . 52 . The Atlanta Constitution . 2022-04-11.
  6. News: Wilbert . Tony . 1999-11-30 . Tallest Buckhead office building sold for more than $100 million . 15 . The Atlanta Constitution . 2022-04-11.