Franklin Street Puts Down $158M For Atlanta Office Tower

Law360, New York (March 15, 2013, 3:46 PM EDT) -- Massachusetts commercial real estate investment trust Franklin Street Properties Corp. has acquired a a 28-story office tower in Atlanta from Jamestown Properties for $158 million, Franklin Street announced in a securities filing Thursday.

The firm announced that it had acquired the 999 Peachtree St. property in in Atlanta through a wholly owned subsidiary. The effective date of the transaction was March 8, Franklin Street said in a filing with the U.S. Securities and Exchange Commission.

Franklin Street is purchasing a 28-story, multitenant office building with roughly...
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