The seller was a joint venture between the Philadelphia-basedRubenstein Co. LP and locally based Barry Real Estate Cos. Theacquisition was made on behalf of BPG Investment Partnership VIILP, a private equity fund with equity commitments of $550million.
Stewart Calhoun and David Meline, of Cushman & Wakefield'scapital markets group acted as the brokers. BPG senior vicepresident Roy Perry and vice president George Haines handled thetransaction for BPG.
The 18-story building, located in the city's Central Perimeterarea, is 82% leased. "Few buildings in the Central Perimetersubmarket offer comparable access, quality amenities, views andname recognition," Perry says. "Having purchased over two millionsf of office and flex product in Atlanta over the past six monthsis a testament to our confidence in the fundamentals of thisregional economy."
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