Platinum Tower
Atlanta, GA

The Cannon Team was brought in as a local operating partner on Platinum Tower in August 2002. Platinum Tower is a 301,705 square feet Class A office property located in the Northwest submarket of Atlanta, Georgia. Platinum Tower was at 62% occupancy and falling. A detailed assessment of the property revealed that it was in extremely poor condition operationally. Mechanical systems, elevators, life safety systems and all common areas were in need of immediate rehabilitation. Along with German investor Blue Capital Investments, Inc., The Cannon Team embarked on a complete renovation and repositioning of the property. In addition to restoring the physical condition of the property, Cannon’s leasing team raised the occupancy level to over 80% and re-branded the property as a premier Class A building in Atlanta’s Northwest submarket. Prior to Cannons arrival, the property was appraised at $28 million. Platinum Tower was sold in March of 2006 for over $50 million.