News
Atlanta Multifamily

Crocker Buying Paces West

Crocker Partners has led a venture that is buying Paces West in the Cumberland/Galleria submarket. The Atlanta investment firm is purchasing the 647k SF office property for $113M, or about $175/SF, from Tier REIT and Oaktree Capital Managemnt. Its purchase price puts Paces West's acquisition at a 5.3% cap, according to CRENews.com. This is Crocker's second purchase in the submarket: It also owns Cumberland Center II. [CREN]

Continue reading this story with a free account

Log in or register
Related Topics: Crocker Partners, Paces West
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond