ATLANTA, GA-Teachers Retirement System of the State of Illinois has bought 55 Allen Plaza, a class-A office tower spanning 350,000 square feet in Atlanta, for $57 million. The property was purchased in a foreclosure auction.
Dallas-based Lincoln Property Co. will control the office tower on behalf of the Teachers Retirement System. The property, which is currently 74% occupied, is a portion of Hal Barry's Allen Plaza. Leigh Braswell and David Danhof of Lincoln Property will handle leasing.For the full story, go to Atlanta Business Chronicle.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.