CBRE Scoops Up $144M Atlanta Tower From Colonial

Law360, New York (May 24, 2013, 6:31 PM EDT) -- A CBRE Global Investors fund has snapped up a Class A, Atlanta office high-rise for $144 million from Colonial Properties Trust, and plans to give the trophy tower a new makeover, the real estate investor announced Friday.

CBRE Strategic Partners U.S. Value 6 is picking up the property, dubbed Three Ravinia, with plans to throw in additional funds to reposition it as a luxury, amenity-rich office space, according to a statement. The 31-story tower is located in a suburban Atlanta market that has some of the...
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