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Lease Extension Follows on the Heels of CP Group’s Atlanta Office Purchase
CP Group has signed a long-term lease extension with CBIZ for approximately 20,000 square feet of office space at One Overton Park in Atlanta’s Cumberland submarket. The lease extension comes four months after CP Group acquired the 15-story building as part of a portfolio that also included One and Two Ravinia Drive office towers, totaling 1.2 million square feet, in a joint venture with Farallon Capital.
After acquiring the building, CP Group began a repositioning effort that included renovations to the building’s lobby and upgrades of its multi-tenant corridors and restrooms. One Overton Park is a 15-story LEED Gold building totaling 390,000 square feet. It is one of the newest Class A assets in the Cumberland submarket and includes a café, fitness center, conference center and high-end clothing retailer.
This past June, CP Group and Rialto Capital announced the acquisitions of CNN Center, the iconic tower in downtown Atlanta, and One Biscayne Tower, a 38-story office property in downtown Miami.
- ◦Lease
