ICM Property Group Announces Sale of Mayfair Royal in Midtown Atlanta

(September 2025 – Atlanta, Georgia) – ICM Property Group (“ICM”) announces the sale of Mayfair Royal, a 29,706-square-foot office building in Midtown Atlanta. ICM acquired Mayfair Royal in 2015 and invested capital in common-area, restroom, and corridor upgrades over the ownership period.

The transaction takes place as Midtown Atlanta’s office market shows signs of renewal, with leasing activity improving and vacancy easing from cyclical highs. It’s strong location and low leverage allowed the asset to navigate the challenging headwinds in the office sector over the last number of years, while the modest improvement in the market over the last twelve months has created an opportunity to complete this disposition.

“Mayfair Royal’s small size meant that it had become a non-core asset within our U.S. strategy and we’d been waiting for the right opportunity to sell. Whereas this asset would not have been transactable at a reasonable value a year ago due to market conditions, the recent pickup in market activity created the right opportunity. Exiting this investment allows us to concentrate capital in markets and property types where we have the strongest conviction in long-term value creation.”

– Spencer Patton, Managing Director USA, ICM Property Group

The sale of Mayfair Royal allows ICM to further streamline its portfolio and reinforce its focus on long-term, high-conviction opportunities.