Cousins Exits White Hot Buckhead Office Asset

The Forum is the keystone component of a mixed-use development that includes luxury condominiums and apartments, dining, and retail.

ATLANTA—The Forum at West Paces, a class A office building in the South’s most sought-after and established submarket—Buckhead, traded hands. Cousins Properties sold the office building to GLL Real Estate Partners.

“The Forum has experienced exceptional leasing momentum and solid rental rate growth, hence making it an attractive investment for core investors like GLL Real Estate Partners,” Will Yowell, CBRE vice chairman of Office Investment Properties, tells GlobeSt.com. “We anticipate continued strong capital flows into Atlanta’s office market in 2017 due to the positive leasing momentum and rent growth the market has experienced recently. The Forum sale capped off a near record sales volume year for Atlanta office sales, totaling approximately $4 billion in trades, surpassing both 2015 and 2014 totals.”