Buckhead Office Complex Sold at Foreclosure Auction for 200 Million Signaling Post-Pandemic Market Challenges in Atlanta

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On Tuesday, Buckhead's largest office complex, the 2.2 million-square-foot Piedmont Center, was sold at a foreclosure auction for $200 million, significantly below its previous value. Florida-based CP Group acquired the property, which includes 14 buildings across 46 acres, and plans to invest in renovations to reposition it for a post-pandemic market. The sale reflects ongoing challenges in the office real estate sector, as vacancy rates remain high and many properties struggle to attract tenants.