ATLANTA–Midtown I & II, two core class A office buildings totaling 794,110 square-feet in the Innovation District of Midtown Atlanta, just traded hands. CBRE Global Investors US Managed Account Group represented the buyer, Korea Post. The asset office 100% leased to AT&T.

Located at 725 and 754 West Peachtree Street across from the Georgia Institute of Technology, the North Avenue MARTA station is next to the office buildings. Midtown I & II is includes also home to 13,257 square feet of ground floor retail space, as well as AT&T's 5,000 square foot Drive Studio. The studio allows automakers to add and test connected services, such as in-car entertainment systems, over-the-air diagnostic systems, and other innovative cellular-enabled features.

"Atlanta boasts a diverse economy and continues to attract major corporate users," says Jeffrey Torto, senior managing director of CBRE's US Managed Accounts Group. "Atlanta is quickly becoming a technology and data center hub for companies looking to relocate or expand outside of the traditional technological hubs such as Silicon Valley and Austin, Texas."

This transaction is the second that CBRE Global Investors has executed for Korea Post in the United States and spotlights the continued growth in the firm's cross-border separate accounts platform. In 2014, the firm raised $5.4 billion in separate account equity, including $1.7 billion to be invested cross-border.

Midtown is the fastest growing area in Atlanta, expanding at 3.4 times the city average, with 68% of the residents being college educated, according to research from Trillist Companies. Midtown is a premier office market with over 20 million square feet of office space, the firm reports, and 96% of the office space within a six-minute walk of MARTA rail.The Midtown area currently employs 65,000 people and anticipates a 28%increase in new jobs over the next 10 years, with a 10% population growth by 2019.

"Technology firms prefer Midtown due to its proximity to the 400-plus acre Georgia Institute of Technology, home to over 20,000 undergraduate students, and consistently ranked among the top 10 public universities in the nation," Scott Leventhal, president and CEO of Trillist, tells GlobeSt.com. "Google is also expanding its nearby 500,000 square foot data center by an additional 200,000 square feet, which we anticipate will continue to increase demand for quality housing as the job numbers grow."