KKR has acquired Salesforce Tower in Atlanta. KKR made the acquisition together with Banyan Street Capital in a joint venture valued at $205 million.
Salesforce Tower is a 631,808-square-foot, 34-story, class A office tower located in Atlanta’s Buckhead submarket, one of the Southeast’s strongest and most desirable office submarkets. Salesforce Tower recently underwent $14 million of upgrades and renovations. Major tenants include the regional hub for Salesforce.com and the corporate headquarters for RentPath and Rubicon Global. Salesforce Tower offers immediate public transportation accessibility as it sits directly on the MARTA line and interstate system.
KKR and Banyan Street Capital are planning an additional $5 million in capital improvements, which will address enhancements to the fitness center, retail concourse, outdoor plaza, and tenant elevator landings and corridors.
“We’re long-term believers in the Atlanta growth story,” said Roger Morales
