Sep
25
Rubenstein Picks Up Atlanta Office Park for $265M
ByThe company bought the 152-acre Sanctuary Park complex from J.P. Morgan, in a joint venture with a minority equity partner.
Sanctuary Park, Atlanta
Atlanta—Rubenstein Partners LP, a private real estate investment management firm based in Philadelphia, has teamed up with a minority equity partner to acquire Sanctuary Park, a premier Class A office park in the North Fulton submarket of Atlanta, for $265 million.
Rubenstein and its partner bought the 152-acre, 1.6 million-square-foot complex from J.P. Morgan, which put it up for sale earlier this year, according to the Atlanta Business Chronicle. The property has nine mid-rise buildings and three zoned development sites that could accommodate an additional 750,000 square feet of office space…
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