CBRE Global Investors Fund Acquires Atlanta Office Complex

Concourse Creative Campus, a 751,093-square-foot office complex in Atlanta, was acquired by the CBRE Strategic Partners U.S. Value 8 fund from Stamford, CT-based developer/owner, Building and Land Technology (BLT), for an undisclosed amount. BLT was seeking as much as $580 million for the assets. The 88%-leased property consists of two eight-story office buildings, one four-story office building, three parking structures and a five-acre vacant land parcel. The Concourse Creative Campus is located at One, Two and Four Concourse Parkway NE, within the Concourse Office Park in Atlanta’s Central Perimeter submarket. The “urban suburban” campus comprises nearly half of the 2.2-million-square-foot, 63-acre Concourse Corporate Center. The recently renovated buildings offer floorplates ranging from 37,000 to 41,000 square feet. The land parcel is currently zoned to allow mixed-use development, with a minimum building height of six stories and a maximum of 20 stories. For comments, questions or concerns, please contact Dennis Kaiser Tags: Acquisition, Office