{"id":1004035729,"date":"2012-01-12T06:00:04","date_gmt":"2012-01-12T14:00:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035729"},"modified":"2022-12-04T22:03:37","modified_gmt":"2022-12-05T06:03:37","slug":"cbre-grabs-office-building-in-atlantas-atlantic-station-mixed-use-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-grabs-office-building-in-atlantas-atlantic-station-mixed-use-development\/","title":{"rendered":"CBRE Grabs Office Building in Atlanta's Atlantic Station Mixed-Use Development"},"content":{"rendered":"

January 12, 2012<\/strong>
\nBy Scott Baltic, Contributing Editor<\/em>
\n\"\"<\/a><\/p>\n

Adding to its stable of properties in Midtown Atlanta\u2019s Atlantic Station project, CBRE Global Investors has acquired 201 17th St., a 349,400-square-foot, 17-story, Class A, LEED Gold\u2013certified office tower built in 2007, the company announced Wednesday. The Atlanta offices of CBRE will manage and lease the building, which is currently 48 percent leased.<\/p>\n

The acquisition was made through a note purchase and simultaneous deed conveyance and was made on behalf of the CBRE Strategic Partners U.S. fund series. The purchase price was not disclosed.<\/p>\n

Built on a former steel-mill site, Atlantic Station began to open in 2003 and now encompasses 138 acres near the I-75\/I-85 intersection north of downtown Atlanta. The mixed-use, master-planned development won the 2004 Phoenix Award for brownfield redevelopment from the National Brownfields Conference, whose sponsors include the U.S. Environmental Protection Agency.<\/p>\n

In December 2010, CBRE Strategic Partners U.S. Value 5 Fund bought two trophy multifamily communities in Atlantic Station: Icon (242 units in four buildings) and Park District (231 units in five buildings). In January 2011, the same fund acquired from AIG a 534,000-square-foot office building at 271 17th St., a parking garage with nearly 7,000 spaces and 14.25 acres of land. At the same time, a joint venture including the fund and North American Properties, Atlanta, acquired Atlantic Town Center, a 586,000-square-foot retail property.<\/p>\n

201 17th St. will be repositioned, and part of that will be the application of Strategic Partners\u2019 5-Star Worldwide amenity suite. Todd Frye, principal with CBRE Strategic Partners U.S., explained to Commercial Property Executive<\/em> that this is \u201ca scalable suite of amenities.\u201d Although plans for the new building aren\u2019t yet final, he said, a shared conference facility is likely, and an available first-floor space might become a fitness center.<\/p>\n

In addition, a \u201cspec suite\u201d program will offer fully built-out space for tenants seeking a turnkey office option. Frye estimated that five to seven such spaces will be created, all with high-end finishes and likely ranging from 1,500 to 4,000 square feet. Target tenants include technology-oriented or creative-services companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE Global Investors has acquired 201 17th St., a 349,400-square-foot, 17-story, Class A, LEED Gold\u2013certified office tower built in 2007. The Atlanta offices of CBRE will manage and lease the building, which is currently 48 percent leased.<\/p>\n","protected":false},"author":1201,"featured_media":1004038505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,21752,21742,21747,21785],"tags":[],"class_list":["post-1004035729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-mixed-use","category-latest","category-office","category-property-management"],"acf":[],"yoast_head":"\nCBRE Grabs Office Building in Atlanta's Atlantic Station Mixed-Use Development - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-grabs-office-building-in-atlantas-atlantic-station-mixed-use-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Grabs Office Building in Atlanta's Atlantic Station Mixed-Use Development\" \/>\n<meta property=\"og:description\" content=\"CBRE Global Investors has acquired 201 17th St., a 349,400-square-foot, 17-story, Class A, LEED Gold\u2013certified office tower built in 2007. 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