March 9, 2012
Silhouette Midtown has new owners
The Silhouette Midtown office building has a new owner, according to the Atlanta Business Chronicle.
The Biz Chron reports that REDUS Georgia Commercial LLC acquired the 10-story property at 1447 Peachtree Street for $8.1 million, or slightly less than $70 a foot. The transaction took the form of a deed in lieu of foreclosure reached between the lender (an affiliate of Wells Fargo) and the former owner, DCP Midtown Investors, LLC, an affiliate of Day Capital Partners.
An old listing for the building on Loopnet.com states that the Silhouette was fully renovated in 2007, with a new lobby, new corridors, new restrooms, new HVAC and new windows. The building is distinguished by the nine-story silhouette murals on the outside.