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Cousins Properties sells landmark Atlanta tower

October 26,2016

Source: Scott Trubey, The Atlanta Journal-Constitution

"The landmark downtown Atlanta office tower 191 Peachtree has been sold to a new owner.

A joint venture of Miami-based Banyan Street Capital and investment funds under management of Oaktree Capital Management said Tuesday they have acquired the 50-story tower from Atlanta-based Cousins Properties. The tower is one of the best known in Atlanta’s skyline, and is currently home to such corporate tenants as Deloitte, the Integral Group, Cooper Carry, the Woodruff Foundation and The Commerce Club.

The tower is also soon to be the new home of the Metro Atlanta Chamber.

'Downtown Atlanta is a premier destination for business and commerce, and 191 Peachtree is the market’s landmark office building,' Rudy Touzet, Banyan Street founder and CEO, said in a news release. '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 also owns the nearby Peachtree Center office complex."

Read the complete article at the link above.