CP Group, formerly Crocker Partners, has acquired the CNN Center in the heart of downtown Atlanta. The acquisition was completed via a joint venture with funds managed by Rialto Capital Management, the third in a recent series of strategic partnerships between Rialto Capital and CP Group involving critical workspace in core locations.
WarnerMedia will lease back the CNN Center for a number of years.
The world-renowned 1.2 million-square foot CNN Center is located in the center of Atlanta's Central Business District, surrounded by other landmarks including State Farm Arena, Mercedes-Benz Stadium, Centennial Olympic Park, Georgia World Congress Center, World of Coca-Cola, Georgia Aquarium, College Football Hall of Fame, and the Center for Civil & Human Rights.
"The CNN Center is one of
