Atlanta – The Net Lease Group (“NLG”) is pleased to announce the sale of “The Mill,” a single-tenant, 30,000-square-foot HQ office redevelopment located in the coveted Poncey-Highland neighborhood in Midtown Atlanta. The owner selected the NLG Capital Markets team to lead the disposition and marketing efforts; the property was sold to a foreign buyer.
The property was built in the late 1890s and is best known as the former music venue, The Masquerade. Notable acts such as Nirvana, Cold Play, Radio Head, and more performed from 1989 until 2016, when it relocated to the former Kenny’s Ally space in Underground.
In 2016, The Mill was acquired by Coro Realty and Southeast Capital Companies. Smith Dalia Architects led the more than 120-year-old building’s redesign, combining contemporary and historical elements.
The renovation created 30,000 square feet of creative office space with a double-height lobby, refurbished interior and exterior walls, new windows, new mechanical and electrical systems, a floating “monumental” staircase, and state-of-the-art technology.
The newly completed building is fully occupied by a FinTech company that provides online banking solutions, peer-to-peer money transfer, investing and tax software solutions to over 70 million annual users.
The disposition team led by Esmael Hill included Net Lease Group Capital Markets team members Ross Wood, Joe Durkin and Dane Bailey, who assisted throughout the transaction.
NLG is an investment advisory and brokerage firm specializing in corporate, institutional, and private execution of single and multi-tenant, net lease transactions across all markets. NLG provides Investment Sales, Sale-Leaseback Advisory, Build-to-Suit Advisory, Development Services, Debt-Equity Placement, and Private Client Services throughout the United States.