Famous Flatiron Building On the Market
It’s hard to miss. Atlanta’s Flatiron Building has been part of the Atlanta skyline for 125 years. The 11-story tower was home at different times to a number of banks.
The Atlanta Business Journal reports Lucror Resources acquired the building in October 2014 for $1.95 million. It completed around $12 million in renovations to turn the property into a hub for startups and small businesses and put the building on the National Register of Historic Places. The building reopened in 2016 as “FlatironCity.”
Now, it’s for sale. 67% of space in the roughly 42,000-square-foot tower is leased. Existing tenants in the building include the City of Atlanta’s Women’s Entrepreneurship Initiative and Alta Planning & Design. Land of a Thousand Hills Coffee operates a cafe on the bottom floor.
Interest exists in the historic building. Two academic institutions are said to have inquired about the Flatiron in the past.
Michael Palazzone and Tim Head with Lee & Associates are marketing the building.
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