CBRE Global Investors Fund Sells 201 17th Street Office Building in Midtown Atlanta

John Gilb

LOS ANGELES, CA, June 30, 2015 – CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has sold 201 17th Street in Atlantic Station in Midtown Atlanta following a successful repositioning of the property.

The execution of the business plan resulted in an increase in leasing at the 17-story building from 48 percent to 91 percent since the fund acquired the property in 2012.

Both the CBRE Strategic Partners U.S. Value 6 and CBRE Strategic Partners Opportunity 5 funds own other buildings within Atlantic Station including another office building, a parking garage and a majority ownership stake in the Atlantic Town Center retail centerpiece.

As part of its repositioning strategy at Atlantic Station, CBRE Global Investors has leveraged the latest technology to enhance the experience of retail guests, office workers and residents.

“Midtown is the epicenter of technology and creative business in Atlanta,” said John Gilb, Principal, CBRE Strategic Partners U.S. 

“But beyond offering a prime location at Atlantic Station, we have focused on making this space even more desirable by anticipating and accommodating tenants’ needs and creating a pre-eminent environment for innovation that helps tenants attract and retain young professionals.”

201 17th Street, Midtown Atlanta, Atlanta, GA

Technology companies migrating to Atlantic Station comprise the majority of the newly added tenants at 201 17th Street as the area is increasingly gaining a reputation as “Silicon Peach.” 

The fund decided to sell the property to benefit its investor clients by taking advantage of strong institutional interest in core office product in Atlanta.

“There is strong momentum in Midtown as a destination for companies seeking an urban, infill, mixed- use environment that helps attract millennials,” Gilb said. 

“This is resulting in a huge influx of tech tenants. With the completion of our value-added strategy, this was the optimal time to sell to an investor who was interested in what we have transformed into a core asset.”

For a complete copy of the company’s news release, please contact:  

Pam Barnett

Corporate Communications Director

pam.barnett@cbreglobalinvestors.com
+1 213 683 4368