One Ninety One Peachtree Sells for $268M

Cousins Properties Inc. sold the 50-story One Ninety One Peachtree tower in downtown Atlanta. Banyan Street Capital and Oaktree Capital Management LP acquired the 1.2-million-square-foot tower for $268 million. Cousins will continue to manage the property.

The seller acquired the mostly-empty asset in 2006 for $153 million. During its hold, Cousins renovated the tower’s interior and executed 760,000 square feet of new releases and renewals. One Ninety One is 93% leased to tenants including Deloitte, the Metro Atlanta Chamber, Cooper Carry and Hall Booth Smith.

For comments, questions or concerns, please contact Amy Sorter