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Buckhead High-Rise Hits Market With Sky-High Empty Floors

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Published on May 06, 2026
Buckhead High-Rise Hits Market With Sky-High Empty FloorsSource: Google Street View

The 19-story office tower at 3399 Peachtree in Buckhead, the one tucked up against Lenox Square and the JW Marriott, is officially up for grabs. Its top floors are largely empty, a big block of space is still sitting open, and the owners are tossing in top-of-building signage rights as part of the deal — a rare perk on the Buckhead skyline. Brokers are pitching the tower as a value-add play in a submarket that has shown pockets of renewed leasing activity this year.

Jones Lang LaSalle is serving as the exclusive advisor on the sale. The offering materials describe a 351,110-square-foot, 19-floor office building that is roughly 30 percent occupied and features about 130,000 square feet of contiguous availability. The listing also highlights renovated, fully furnished spec suites and a weighted average unexpired lease term of about 3.8 years, according to JLL.

The marketing push surfaced in a property brief dated May 5, 2026, which notes that owner TPA Group is now seeking a buyer and that the tower's top floors are vacant. As reported by CoStar, JLL executives Michael McDonald, Huston Green and Richard Reid are listed as the main points of contact on the offering.

What buyers will get

The sales pitch leans hard on two obvious drawing cards: that large contiguous block of space that could accommodate a single major tenant and the coveted top-of-building signage rights that offer skyline visibility along with an extra revenue or branding stream. The offering materials underscore the property's repositioning upside and its branding potential as levers for lease-up or even redevelopment, according to JLL.

Buckhead market snapshot

The broader Buckhead office picture is a bit of a mixed bag. Lincoln Property Company's Q1 2025 submarket report logged roughly 401,051 square feet of leasing activity, even as vacancy ticked up to around 27.8 percent. That combination of solid deal volume and elevated empty space is the backdrop investors will be weighing as they consider a value-add repositioning play in Buckhead, according to Lincoln Property Company.

The current owner, TPA Group, acquired the tower in 2018 and has since completed lobby and amenity upgrades while holding the asset. Reporting on that acquisition pegs the 2018 sale price at roughly $96.5 million, providing some context for the owner's multiyear run with the property, per Commercial Property Executive. The building has also played host to sizable corporate offices in the past, including a period when Novelis occupied space there, according to CoStar.

Brokers say the listing could pull in investors looking to stabilize cash flow through lease-up, reposition the tower for higher rents, or fully capitalize on the branding potential that comes with top-of-building signage. With Buckhead showing selective leasing strength despite higher vacancies, many in the market will be watching this sale as a quiet test of how much appetite there is for opportunistic buying just north of Midtown.

Atlanta-Real Estate & Development