Ravinia office tower sold for $144 million
A fund controlled by CBRE Global Investors has acquired a landmark Dunwoody office tower, the company announced on Friday.
CBRE Strategic Partners U.S. Value 6 acquired Three Ravinia, a 31-story building overlooking I-285 and Perimeter Mall. The buyer plans to enhance the building’s amenities and internal systems to address “near-term lease expiration risk,” according to a news release.
Colonial Properties Trust, the prior owner, said it sold the building for $144.3 million, according to a separate news release.
Colonial said the building was 92.1 percent occupied at the end of March.
About the Author
J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.
