{"id":1004130259,"date":"2015-10-28T05:14:57","date_gmt":"2015-10-28T13:14:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004130259"},"modified":"2022-03-04T12:16:55","modified_gmt":"2022-03-04T20:16:55","slug":"cbres-joint-venture-sheds-atlantic-town-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbres-joint-venture-sheds-atlantic-town-center\/","title":{"rendered":"CBRE\u2019s Joint Venture Sheds Atlantic Town Center"},"content":{"rendered":"<div id=\"attachment_1004130262\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Atlantic-Town-Center-atlanta.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004130262\" data-attachment-id=\"1004130262\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbres-joint-venture-sheds-atlantic-town-center\/atlantic-town-center-atlanta\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Atlantic-Town-Center-atlanta.jpg\" data-orig-size=\"832,730\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Balazs Szekely&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1446036052&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Atlantic Town Center atlanta\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Atlantic Town Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Atlantic-Town-Center-atlanta.jpg?w=832\" class=\"wp-image-1004130262 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Atlantic-Town-Center-atlanta.jpg\" alt=\"Atlantic Town Center atlanta\" width=\"300\" height=\"263\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Atlantic-Town-Center-atlanta.jpg 832w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Atlantic-Town-Center-atlanta.jpg?resize=300,263 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Atlantic-Town-Center-atlanta.jpg?resize=768,674 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004130262\" class=\"wp-caption-text\">Atlantic Town Center<\/p><\/div>\n<p>A joint venture between <a href=\"https:\/\/www.cbreglobalinvestors.com\/\" target=\"_blank\" rel=\"nofollow noopener\">CBRE Global Investors<\/a> and <a href=\"https:\/\/www.naproperties.com\/\" target=\"_blank\" rel=\"nofollow noopener\">North American Properties<\/a> sold the Atlantic Town Center. <a href=\"https:\/\/www.hines.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Hines<\/a> acquired the 586,000-square-foot asset on behalf of an institutional investor, in a transaction brokered by <a href=\"https:\/\/www.phrd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Parker, Hudson, Rainer &amp; Dobbs LLP<\/a>.<\/p>\n<p>The property anchors the Atlantic Station mixed-use development, situated on the former Atlantic Steel site. The location is also home to three Class A office towers, several multifamily communities, a full-service hotel and freestanding Ikea, Target, and Dillard\u2019s stores.<\/p>\n<p>The Parker Hudson team was led by Kenneth H. Kraft and J.P. Fougerousse. \u201cThis was an extraordinarily complex, multi-layered transaction involving an iconic Atlanta property,\u201d Kraft said. \u201cWe are honored that the CBREGI\/NAP venture turned to our firm for counsel on this marquee transaction.&#8221;<\/p>\n<p><em>Photo credit: Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parker, Hudson, Rainer &amp; Dobbs LLP assisted the CBRE &#8211; North American Properties venture in the sale of Midtown Atlanta&#8217;s Atlantic Town Center to Hines.<\/p>\n","protected":false},"author":35,"featured_media":1004130262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21742],"tags":[],"class_list":["post-1004130259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE\u2019s Joint Venture Sheds Atlantic Town Center - 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\/cbres-joint-venture-sheds-atlantic-town-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE\u2019s Joint Venture Sheds Atlantic Town Center\" \/>\n<meta property=\"og:description\" content=\"Parker, Hudson, Rainer &amp; 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