One Georgia Center Sold for $48.6 Million
25 Oct, 2011, Atlanta
Cushman & Wakefield's Southeast Capital Markets Group has represented Cousins Properties in the sale of One Georgia Center. The 375,085 square foot, Class A, 28-story office tower is located at 600 West Peachtree Street in Atlanta. Government Properties Income Trust of Newton, Mass. acquired the building on September 30, 2011. The sale price was $48,600,000. The sale was completed by Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield.
Fully renovated between 2004 and 2008, the property occupies a prominent position in the Midtown Atlanta skyline and is anchored by AAA-rated tenant Georgia Department of Transportation.
"One Georgia Center presented investors with an opportunity to own a fully renovated LEED-Gold certified building in location with superb visibility and unmatched vehicular and mass-transit access," said Stewart Calhoun, Executive Director at Cushman & Wakefield.
Cushman & Wakefield's Southeast Capital Markets Group is one of the most experienced and diversified investment sales teams in the southeastern U.S. Led by top industry executives, the Group's principals are able to leverage over 100 years of combined commercial real estate expertise and $22 billion of investment sales experience for a broad spectrum of clients and investment product types. The Southeast Capital Markets Group is comprised of three regional offices, based in Atlanta, Tampa, and Miami, with a proven track record of executing office, industrial, and retail investment sales in more than 50 markets in the seven-state Southeast region.
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