{"id":1004803841,"date":"2026-07-01T05:56:19","date_gmt":"2026-07-01T13:56:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004803841"},"modified":"2026-07-01T05:56:21","modified_gmt":"2026-07-01T13:56:21","slug":"former-cnn-center-obtains-56m-in-c-pace-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/","title":{"rendered":"Former CNN Center Obtains $56M in C-PACE Financing"},"content":{"rendered":"\n

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CP Group acquired the former headquarters of CNN in 2021.
Image courtesy of Peachtree Group<\/em><\/figcaption><\/figure><\/div>\n\n\n

CP Group has obtained $56.4 million in C-PACE financing to support the redevelopment of the former CNN Center in downtown Atlanta. Peachtree Group originated the financing.<\/p>\n\n\n\n

The property is now called The CTR, or \u201cThe Center\u201d. The redevelopment includes the revitalization of its expansive retail atrium, the installation of large-scale digital media displays and the modernization of building systems.<\/p>\n\n\n\n

C-PACE financing is being used to fund eligible improvements focusing on energy consumption. These include HVAC systems, glazing, lighting and plumbing infrastructure, among other related project costs.<\/p>\n\n\n\n

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READ ALSO: <\/strong>Working Out Distressed Office\u2014One Square Foot at a Time<\/a><\/p>\n\n\n\n

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The CTR is adjacent to Centennial Olympic Park and near other downtown Atlanta landmarks, such as the Georgia Aquarium, Mercedes-Benz Stadium and the Georgia World Congress Center. The property was originally developed\u00a0as the Omni\u00a0Complex in 1976 by Cousins Properties.<\/p>\n\n\n\n

CP Group, formerly known as Crocker Partners, acquired the property<\/a> in partnership with Rialto Capital Management for $95.8 million in 2021, a year after the cable news organization announced plans to leave the site. The deal made CP Group the second-largest office landlord in Georgia.<\/p>\n\n\n\n

C-PACE picks up steam<\/h2>\n\n\n\n

C-PACE<\/a> deal volume came in at $3.5 billion in 2025, up from $2.5 billion in 2024, according to the C-PACE Alliance. The sector has seen some large financing deals in the past year.<\/p>\n\n\n\n

In January, Post Brothers closed on $575 million in funding for The Geneva<\/a>, an office-to-residential project in Washington, D.C. The package includes $465 million in C-PACE financing, making it the largest C-PACE\u00a0deal anywhere thus\u00a0far.<\/p>\n\n\n\n

That same month, Brandywine Realty Trust secured $87.3 million in C-PACE financing for 3151 Market Street<\/a>, a recently completed 495,000-square-foot building with lab, office and retail space in Philadelphia\u2019s University City submarket. The deal represented the largest C-PACE financing in Pennsylvania history and the first for a publicly traded REIT. Nuveen Green Capital\u00a0originated\u00a0the financing.<\/p>\n\n\n\n

In May, Plamondon Hospitality Partners secured $43 million in C-PACE financing for the development of the Marriott Downtown Frederick at Carroll Creek<\/a>, a 204-key hotel and conference center in downtown Frederick, Md. Nuveen Green Capital also originated this financing, the largest in Maryland history.<\/p>\n","protected":false},"excerpt":{"rendered":"

The capital will support the property’s redevelopment.<\/p>\n","protected":false},"author":1023,"featured_media":1004803842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21825,21742,21747,21749,32781],"tags":[51165,52512],"class_list":["post-1004803841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-finance","category-latest","category-office","category-retail","category-southeast","tag-cp-group","tag-peachtree-group"],"acf":[],"yoast_head":"\nFormer CNN Center Obtains $56M in C-PACE Financing - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CP Group has obtained $56.4 million in C-PACE financing to support the redevelopment of the former CNN Center in downtown Atlanta.\" \/>\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\/former-cnn-center-obtains-56m-in-c-pace-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former CNN Center Obtains $56M in C-PACE Financing\" \/>\n<meta property=\"og:description\" content=\"CP Group has obtained $56.4 million in C-PACE financing to support the redevelopment of the former CNN Center in downtown Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-01T13:56:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-01T13:56:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/CTR-Former-CNN-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/\",\"name\":\"Former CNN Center Obtains $56M in C-PACE Financing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/CTR-Former-CNN-Center.jpg\",\"datePublished\":\"2026-07-01T13:56:19+00:00\",\"dateModified\":\"2026-07-01T13:56:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"description\":\"CP Group has obtained $56.4 million in C-PACE financing to support the redevelopment of the former CNN Center in downtown Atlanta.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/former-cnn-center-obtains-56m-in-c-pace-financing\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/CTR-Former-CNN-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/CTR-Former-CNN-Center.jpg\",\"width\":1600,\"height\":1240,\"caption\":\"CP Group acquired the former headquarters of CNN in 2021. 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