ATLANTA-Jamestown Properties, a private equity fund based in Germany, has purchased City Hall East for $27 million. The city of Atlanta inked a letter of intent with the fund on September 30 and the deal took months to complete.
Jamestown and Green Street Properties have plans to redevelop the 2-million-square-foot complex located at Ponce and North Avenue in Atlanta. They plan to invest nearly $180 million to redevelop the property. Jamestown plans for a mix of offices, restaurants, stores and residences. For the full story, go to Atlanta Business Chronicle .
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