A company representative tells GlobeSt.com the price will bedisclosed at a later date. However, Atlanta and New York brokeragesources in a position to know tell GlobeSt.com the deal went downon the high side at between $650 million to $675 million. Thatrange equates to about $185.71 to $192.85 per sf, below replacementcost, construction sources familiar with the buildings tellGlobeSt.com.

Tishman Speyer senior managing director Robert J. Speyer callsthe acquisition "a sizable portfolio of diversified, high-qualityassets, well located in each of Atlanta's top four officesubmarkets…featuring a roster of premier tenants."

Tishman Speyer acquired the portfolio, formerly owned byChicago-based Trizec Properties, through an assignment of purchaserights from the Blackstone Group of New York. Blackstone hadacquired purchase rights through its participation in the acquisition of Trizecby Brookfield Properties, also of New York.