ATLANTA – July 8, 2021 –Global law firm Greenberg Traurig, LLP served as real estate counsel to The Ardent Companies, a privately held real estate firm, in the acquisition of four Piedmont Center Buildings totaling over 500,000 square feet and located in Atlanta’s Buckhead district. The attorneys also advised on the corporate structuring and consolidated mortgage and mezzanine financing for all 14 buildings in the Piedmont Center complex. This transaction marks one of the largest deals in the Atlanta office market this year to date.
With the purchase of the remaining four buildings, Ardent now controls the entire Piedmont Center office complex, which is the largest office complex in Buckhead, including 14 buildings totaling 2.2 million square feet across 45 acres. Following the recent rezoning of the complex, Ardent plans to renovate it, which will offer tenants a vibrant mixed-use property containing several new amenities, including access to outdoor spaces.
A client of Greenberg Traurig for more than 10 years, Ardent regularly relies on the firm for legal work connected to key real estate transactions.
The Greenberg Traurig team was led by Global Real Estate Co-Chair Michael Baum and a team of attorneys, including Shareholders Craig Glorioso and Stephen Goler and Associate Jordan Lewis, as well as additional team members from the firm’s Atlanta, Chicago, New York and Delaware offices.
“We are pleased that our valued client, The Ardent Companies, again looked to Greenberg Traurig for representation in connection with this complex Ardent flagship transaction,” Baum said. “It was exciting and rewarding to be a part of a transaction of this significance to Ardent and for the district of Buckhead.”
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: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys 40 locations 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. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com