Georgia State's research arm buys downtown office building

Georgia State University's research arm is buying a four-story office building in downtown Atlanta.

The Georgia State University Research Foundation purchased 40 Pryor Street for $1 million, college spokeswoman DeAnna Hines said. The property was appraised at about $1.9 million, she said.

The purchase gives the school access to an entire block on Georgia State's growing campus. The newly-purchased office building sits next to the school's College of Education tower.

Hines said the building, which is almost fully leased, is seen as an investment property and that there are no immediate plans to transfer it to the university.

About the Author

Staff Staff

How Home Depot’s newest AI tool could give it an edge with pro contractors

The Vinings-based home improvement retailer said Wednesday it has launched a new tool that creates a complete materials list and quote for a single-family project.

33m ago

Norfolk Southern sale puts major Atlanta philanthropic force in question

For metro Atlanta philanthropic causes that enjoy Norfolk Southern's support, there are unanswered questions about how committed the company will be after it is acquired.

Home Depot cuts outlook amid housing slump and consumer uncertainty

Home Depot said its net income dipped to $3.6 billion during the third quarter, down 1.3% from the same period last year.

The Latest

Credit: Special

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

Featured

Credit: Arvin Temkar / AJC

Lt. Gov. Burt Jones scores another victory over use of campaign cash

Lt. Gov. Burt Jones appears to have scored another victory over Attorney General Chris Carr as the Republican gubernatorial candidates battle over campaign finance issues.

1h ago

Falcons QB Michael Penix Jr.’s season is over; needs surgery to repair ACL

Michael Penix Jr., whom the Falcons hoped was their quarterback of the future, will undergo season-ending surgery to repair a partially torn ACL in his left knee.

2h ago

Typewriter Tom fuels a growing interest in analog writing devices

Roswell's Tom Rehkopf owns about 1,000 typewriters, which he tinkers with at his workshop and happily shares with fellow aficionados, curious youngsters and even Tom Hanks.