In a filing with the US Security and Exchange Commission, Hinesreported that an indirect subsidiary of Hines-Sumisei US CoreOffice Fund LP acquired the building at 1201 W. Peachtree St. Theacquisition was financed with borrowings under a revolving creditfacility with KeyBank National Association and a $168.5-millionmortgage loan obtained from the Prudential Life Insurance Co. ofAmerica. The loan has a fixed interest rate of 6.1% and a 10-yearterm.

The fund was established in August 2003 by Hines InterestsLimited Partnership to invest in existing office properties in theUS that the company believes are desirable long-term core holdings."The fund indirectly holds interest in a portfolio of 13 officeproperties. As of July 3, Hines REIT, through its operatingpartnership Hines REIT Properties, LP owned a 29.25% non-managinggeneral partner interest in the core fund," the report states.

One Atlantic Center consists of 1.1 million sf and is currently81% leased. The building's two largest tenants are law firms.Alston & Bird LLP leases 231,563 sf, or approximately 21% ofthe building's space, under a lease that expires in October 2013.Powell Goldstein LLP currently leases 219,131 sf, or approximately20% of the building, under a lease that expires in May 2019. Hineswill serve as property manager and will provide leasing, operationand management services, according to the SEC report.