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ATLANTA, GA-Teachers Retirement System of the State of Illinois has bought 55 Allen Plaza, a class-A office tower spanning 350,000 square feet in Atlanta, for $57 million. The property was purchased in a foreclosure auction.

Dallas-based Lincoln Property Co. will control the office tower on behalf of the Teachers Retirement System. The property, which is currently 74% occupied, is a portion of Hal Barry’s Allen Plaza. Leigh Braswell and David Danhof of Lincoln Property will handle leasing.For the full story, go to Atlanta Business Chronicle.


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