As part of the transaction, Rubenstein Partners negotiated andexecuted the disposition of approximately 500,000 sf to twothird-party buyers. Those transactions included the sale of 245Perimeter Center to locally based Novare Development Group and 9000Central Park to a joint venture of locally based Ackerman & Co.and Boston-based AEW Capital Management LP.
Under terms of the deal, Barry will manage and lease theproperties. Equity operated with the Blackstone Group under theterms of their pending merger agreement.
The class A office assets acquired include the Terraces, aone-million-sf office building project located across from thePerimeter Mall; 7000 Central Park; Sterling Pointe I & II and64 and 66 Perimeter Center East. The deal also included severalredevelopment properties and two separate parcels that are groundleased.
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