KKR Buys Atlantic Yards Office Asset from Hines and Invesco
Posted on 07/20/2022
Global Atlantic Financial Group, a majority-owned subsidiary of KKR, has acquired Atlantic Yards, a two-building office asset located in Midtown Atlanta, from global real estate firm, Hines Group, and its institutional joint venture partner advised by Invesco Real Estate, a global real estate investment manager. The purchase was executed through Global Atlantic’s affiliated insurance companies.
Atlantic Yards consists of 523,511 square feet (SF) of Class A office in two towers. The buildings were built in 2021 and are located within Atlantic Station, a 12.5 million SF master planned mixed-use development in Atlanta’s Midtown submarket.
The property is 100% leased to Microsoft Corporation through 2035.
Advisors
Eastdil Secured served as broker on the transaction.
