The Ardent Companies has announced the purchase of 37,853 square feet of retail and restaurant space at the 1010 Midtown building on Peachtree Street. Ardent bought the space for $15 million from its previous owner, a joint venture between Daniel Corporation, Selig Enterprises and Canyon-Johnson Urban Funds.
According to a media release, the Ardent Companies formed TAC Midtown, LLC to purchase the property at 1010 Midtown and are currently negotiating a lease for the remaining 2,021 square feet of retail space with an undisclosed restaurateur who owns several restaurants throughout the city. Once signed, this lease will be representative of 100 percent retail tenant occupancy.
The 35-story 1010 Midtown building has more than 400 condos and is home to Ri Ra Irish Pub, Panera Bread, RA Sushi, Mi Cocina, Piola, CB2 and Bank of America.