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KKR Acquires Two-Tower Atlantic Yards Office in Midtown Atlanta
Global Atlantic Financial Group, a majority-owned subsidiary of KKR, has acquired Atlantic Yards, a Class A two-building office asset located in Midtown Atlanta, GA.
Eastdil Secured served as broker on the transaction. The seller was Hines and its institutional joint venture partner advised by Invesco Real Estate.
Atlantic Yards consists of 523,511 square feet two towers. The buildings were built in 2021 and are located within Atlantic Station, a 12.5 million-square-foot master planned sustainable mixed-use development.
The state-of-the-art property is designed for LEED Gold certification and was purpose built for high-tech occupancy while embracing the industrial heritage of the Atlantic Station site, once the home of the Atlantic Steel Mill and railyards.
Atlantic Yards features extensive outdoor areas, fitness facilities, bike storage and 861 parking spaces. It is within a commuter friendly area and within walking distance of Midtown’s dine-shop-work destinations.
The property is 100% leased to Microsoft Corp. through 2035.
- ◦Sale/Acquisition
