March 17, 2020
JLL has arranged the sale of 55 Allen Plaza, a 342,854-square-foot office building in Atlanta. The sales price was not disclosed.
Located in Atlanta’s Innovation Corridor, the property is nearby Georgia Tech and Tech Square. Built in 2007, the tower is anchored by Ernst and Young and features a suite of amenities that include a recently constructed tenant lounge and conference center, as well as a modern innovation lab.
Richard Reid, Ryan Clutter, Ralph Smalley and Huston Green of JLL represented the seller, a state pension fund advised by Lincoln Property Company, in the transaction. The buyer was an affiliate of Lone Star Funds, the global private equity firm.
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