ATLANTA, Georgia (May 26, 2011) – The approximately 8,900 square foot, two story unit is the last of two penthouses in this luxury high rise. The $5 Million dollar sale was for the raw shell space and did not include the owners substantial build out allowance. “This sale indicates that Sovereign’s pricing has remained stable and will continue to thrive in the luxury high rise market with its first class art and architecture,” says Mike Bugg, Senior Vice President of the SkyRise Group, a division of Atlanta Fine Homes Sotheby’s International Realty which represents the building.
Sovereign has recorded five sales totaling over $12 Million since the first of the year with prices ranging from $1.3-$5 Million. Whether entertaining at the Buckhead Club on the 26th floor overlooking the Atlanta skyline or having cocktails on the terrace of Bistro Niko on Peachtree, the Sovereign continues to offer something luxuriously unique. Nowhere else will you find such a visionary masterpiece at the center of the distinctive thoroughfare of Peachtree Boulevard, near the best of the best in restaurants, shopping and hotels. “We have lived all over the world in high rises, and Sovereign is by far the most exceptional home we have ever had,” says a homeowner at the Sovereign.
For all purchase inquiries please contact the Sovereign Sales Center, appointment encouraged. 404.266.3344; Open M-F: 11-6, Sat 11-5 & Sun 1-5. Burma Weller & Kevin McBride of Atlanta Fine Homes Sotheby’s International Realty.
About Regent Partners:
Established in 1988, Regent Partners is an Atlanta-based real estate development, acquisitions, investment and services firm. Since its inception, the company has acquired and developed more than 10-million square feet valued in excess of $2 billion. Regent Partners’ diverse portfolio includes hotel, office, residential, retail, mixed-use and land holdings. The senior management team consists of executives with more than 150 years of combined experience developing, acquiring, managing, leasing and constructing commercial real estate assets. In January 2011, Regent Partners sold the office component of the building for a record $167 Million.
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