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Atlanta & Southeast  + Georgia  + Office  |  June 14, 2019
David Cohen
By: David Cohen

Farallon Capital Acquires Atlanta Office Property for $120M

San Francisco-based Farallon Capital Management acquired Paces West, a 646,471-square-foot office property in the Cumberland/Galleria submarket of Atlanta, as part of a joint venture with Crocker Partners for reportedly $120 million.

Located at 2727 Paces Ferry Rd., the property was formerly the corporate headquarters for The Home Depot and is currently 93% leased to a tenant roster that includes Piedmont Healthcare.

Jay O’Meara, Justin Parsonnet, Will Yowell, and Ryan Reethof of CBRE represented the seller, Investcorp, in the transaction. Jonathan Rice and C.J. Kelly arranged financing for Farallon and Crocker through an undisclosed lender.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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