Crocker Partners acquires office tower with Garrison Investment Group
Crocker Partners has acquired 3225 Cumberland, a class A office tower in Atlanta's Cumberland/Galleria submarket, in a joint venture with Garrison Investment Group.
“We are excited to close our first joint venture with Garrison Investment Group and expand our holdings in Atlanta. 3225 Cumberland is a premier asset located in one of the most institutional office submarkets in the Southeast. The combination of amenities, location, and tenancy create a compelling investment opportunity,” said Chris Eachus, partner at Crocker Partners.
The acquisition brings the total square footage Crocker Partners owns or manages in Atlanta to approximately 3 million. The company owns and/or manages 11 million square feet, portfolio wide.
3225 Cumberland is 95 percent leased to 12 tenants. The lobby, fitness center and café were recently renovated, and additional amenities include a conference facility and tenant lounge. Located in Atlanta’s thriving Cumberland/Galleria submarket, the property is adjacent to the Cumberland Mall and one mile from The Battery and SunTrust Park, home of the Atlanta Braves.
Crocker Partners is an owner, operator and developer of office and mixed-use projects throughout the Southeast and Southwest United States. Since 1993, Crocker Partners has acquired and managed more than 150 properties, totaling 44.5 million square feet and representing $5.2 billion invested. The firm is currently Florida’s largest office landlord and ranks 39th largest in the United States. Headquartered in Boca Raton, Fla., Crocker Partners has regional offices in Miami, Jacksonville and Atlanta.