One Atlantic Center

October 5, 2016 Comments Off on Starwood JV Acquires 50-Story One Atlantic Center Views: 585 Georgia, National News, Southeast

Starwood JV Acquires 50-Story One Atlantic Center

Starwood Capital Group, in partnership with Core Property Capital, acquired the 1.1-million-square-foot One Atlantic Center in Atlanta, GA from Hines of Houston. Though transaction terms were not disclosed, local media indicated the sales price could have been approximately $330 million. Eastdil Secured represented the seller.

The 50-story building at 1201 W. Peachtree St. was designed by architect Philip Johnson, and is the tallest building in Midtown Atlanta. The tower is 90% occupied.

“This acquisition is consistent with our long-held investment strategy of buying high-quality assets at a meaningful discount to replacement cost in markets experiencing limited amounts of new supply and outsized job and population growth,” said Mark Keatley with Starwood.

Read More at Atlanta Business Journal

Connect with Starwood’s Keatley

For comments, questions or concerns, please contact Amy Sorter

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