Lone Star Funds buys trophy office building in Atlanta
A state pension fund advised by Lincoln Property Co. has sold 55 Allen Plaza, a trophy office building totaling 342,854 square feet in Atlanta. The buyer is an affiliate of Lone Star Funds.
55 Allen Plaza is positioned within Atlanta’s Innovation Corridor, which has seen expansive development growth and leasing velocity in recent years. The property has a highly visible and accessible location along the Interstate-75/Interstate-85 Connector, close to Georgia Tech and Tech Square, and a growing talent pool in the neighborhoods of Old Fourth Ward, Edgewood and Atlanta’s Westside. Completed in 2007 and anchored by EY, 55 Allen Plaza boasts superior amenities, including a recently constructed tenant lounge and conference center, as well as a state-of-the-art innovation lab.