Cushman & Wakefield announced today that its Capital Markets Group has represented CenterSquare Investment Management and Ackerman & Co. in the sale of One and Two Premier Plaza, a two-building, Class A office complex totaling 316,269 square feet located in Atlanta’s Central Perimeter submarket.
Members of the Cushman & Wakefield team that marketed the property included Executive Director David Meline, Executive Director Stewart Calhoun, Director Samir Idris and Director Casey Masters.
The buyer was Cornerstone Real Estate Advisers and the transaction closed November 15, 2013. The purchase price was undisclosed. The price was not disclosed.
Comprised of two class A, LEED-certified office towers, One and Two Premier Plaza were approximately 78% leased at the time of sale to 41 tenants with a well-balanced expiration schedule. The transaction represented one of the most high-profile, large-scale value-add investment opportunities sold in Atlanta in the second half of 2013.
Steve Webb – The Gove Network
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