Parkway Properties has acquired 484,000 square feet of commercial space at 3344 Peachtree in the Buckhead area of Georgia’s capital city, used primarily for offices and also for a variety of retail purposes.
The 50-storey site was developed by Regent Partners in 2008 and also incorporates several dozen residential condominiums, none of which Parkway will take ownership of.
Office space at 3344 Peachtree is reportedly 97 per cent occupied by a combination of local operators and businesses with a worldwide profile, which the site’s new owners have taken as a reflection of the quality of the building and the strength of the Buckhead office market.
You can view examples of flexible office spaces for rent on Peachtree Road and Peachtree Street here. In these buildings, international office provider Regus offers alternatives to leased office space in the form of private services offices, managed office floors and coworking lounges.
“We believe in the long-term investment value and performance of the Buckhead sub-market of Atlanta, and the quality and location of 3344 Peachtree are unmatched within that area,” Parkway’s president and chief executive, Steven G Rogers, made clear.
“3344 Peachtree is one of the premier office properties in Atlanta. We are glad to complete this purchase and officially add this asset to our portfolio,” he added.
Parkway Properties is a real estate investment trust that has acquired the mixed-use Atlanta site via what it refers to as Fund II, a pool of capital earmarked primarily for office space acquisitions in southwestern American cities, including Houston, Orlando, Tampa, Nashville, Phoenix, San Antonio and Memphis.
The organisation owned an aggregated total of roughly 13.7 million square feet of office space as of January 21st 2011.
Editor’s notes: As of May 2023, 3344 Peachtree remained the tallest building in Atlanta outside of downtown and midtown.
In March 2017, it was announced that Parkway Properties had been acquired by Cousins Properties, making the latter the largest landlord in the Buckhead office market.
In May 2023, Cousins Properties remained listed as the owner of 3344 Peachtree.
In June 2026, 3344 Peachtree within the Tower Place complex was listed as the ninth-tallest building in Atlanta and the tallest mixed-use building.
The residential portion of the building was known as Sovereign, and at the time, a 3-bed, 2.5-bath luxury residence was listed for rent there. The 2,890-square-foot apartment featured three private balconies, sweeping views stretching from the Atlanta skyline to the North Georgia Mountains, and a dedicated office described as providing an ideal work-from-home space. Residents would also enjoy direct access to The Buckhead Club, Bistro Nikko, and a variety of dining and nightlife options.
The quoted rent was $11,500 per calendar month.
Also in June 2026, there were 11,565 square feet of Trophy office space available to lease at the property, with suites starting from 3,185 square feet.