08
Nov

BlackRock Reportedly Considering Takeover Of Piedmont Center Office Campus

Ardent Cos.’ sprawling Buckhead office campus is at risk of being seized by the world’s largest asset manager.
BlackRock is considering taking over the 2.2M SF office park, which is potentially close to underwater on its $421.8M debt load, Green Street’s Real Estate Alert publication reported.
BlackRock owns a junior piece of the capital stack backed by all 14 buildings in Piedmont Center, Real Estate Alert reported, citing numerous sources with knowledge of the situation.
Ardent Managing Director Scott Werbel and a BlackRock spokesperson declined to comment to Bisnow.
Ardent, which is headquartered at Piedmont Center and has been in the process of renovating and modernizing the office complex, is…