Midtown office tower purchased

Prudential Real Estate Investors acquired Ten Peachtree Place in Midtown Atlanta for a German investment group.

The 20-story, class A office space was part of a venture managed by Cousins Properties. Cousins will continue to manage the property.

“This acquisition provides the rare opportunity to invest in a high quality, institutional grade asset, in one of Atlanta’s true transit-oriented, urban environments,” said Barry Howell, a principal with Prudential.

--Christopher Quinn