Banyan Street, Oaktree Take 191 Peachtree for $268M
ByThe iconic Atlanta office tower will continue to be managed by the previous owner, Cousins Properties Inc.
One Ninety One Peachtree Tower, Atlanta
Atlanta—One Ninety One Peachtree, downtown Atlanta’s iconic 50-story office tower and one of the premier office buildings in the Southeast, has new owners, with Cousins Properties Inc. selling it to a partnership between Banyan Street Capital and funds managed by Oaktree Capital Management LP for $268 million.
But Cousins, which has owned the 1.2 million-square-foot, Class A, LEED Silver-certified tower since 2006, will stay on as the property manager. The new ownership has retained Cushman & Wakefield as leasing agent.
“Downtown Atlanta is a premier destination for business and commerce, and 191 Peachtree is the market’s landmark office building,” Rudy Touzet, founder & CEO of Miami-based Banyan Street, said in a prepared statement. “This acquisition is an important expansion of our Atlanta portfolio and demonstrates the demand for Class A office located within walkable, urban centers.”…
Banyan Street, Oaktree Take 191 Peachtree for $268M
