The Shops Buckhead Atlanta, the high-end retail, restaurant and office center in the heart of the Buckhead Village, has been sold.
Jamestown, an Atlanta-based real estate investment and management company, reportedly purchased The Shops Buckhead Atlanta for between $175 million and $200 million.
Jamestown spokesman Fallon McLoughlin said the company has no comment on its purchase of the property. Spread out over six blocks, The Shops includes 400,000 square feet of office space, including Spanx’s headquarters; 290,000 square feet of restaurant and retail space and 370 high-rise apartment homes and penthouses, according to its website.
In September 2014, seven years after its predecessor development’s groundbreaking ceremony, the Buckhead Atlanta project finally opened. Construction on the development, originally owned by Ben Carter of Buckhead-based Ben Carter Properties and called the Streets of Buckhead, ceased in February 2009 due to the recession.
In August 2012, San Diego-based developer OliverMcMillan took over the project, which was scaled down some and renamed Buckhead Atlanta, with The Shops name added mainly to market its restaurants and stores. Over the years the restaurants have had mixed results with some, such as Thirteen Pies, closing and others, such as Le Bilboquet, thriving.
Jamestown also purchased The Exchange at Hammond and Parkside Shops shopping centers in Sandy Springs from Mimms Enterprises in October. Those two shopping centers, which are side by side on Hammond Drive near Roswell Road, total 334,787 square feet of retail and restaurant space.