Croker Partners, a Florida-based real estate investment firm that owns several office properties in metro Atlanta, has acquired Atlantic Center Plaza.
The 24-story tower at 1180 West Peachtree St. was purchased from DRA Advisors, according to CoStar Group, a commercial real estate information company. Financial terms were not disclosed.
CoStar said the 500,000-square-foot Atlantic Center Plaza is less than 40 percent leased, but Chris Eachus, who directs Croker’s Atlanta regional office, said the site has “tremendous” value-added potential.
Croker’s other metro properties include Prominence and Cumberland Center II in Atlanta, and Deerfield Point 100-200 and Windward Pointe 200 in Alpharetta.
Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.
Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.
Download the new AJC app. More local news, more breaking news and in-depth journalism. AJC.com. Atlanta. News. Now.
Download the new AJC app. More local news, more breaking news and in-depth journalism. AJC.com. Atlanta. News. Now.