CP Group, formerly Crocker Partners, today announced the acquisition of a three-building portfolio from Franklin Street Properties Corp. in a joint venture with Farallon Capital Management (“Farallon”). The acquisition includes One and Two Ravinia Drive in Atlanta’s Central Perimeter submarket, and One Overton Park in its Cumberland submarket. The acquisition brings CP Group’s Metro Atlanta office assets under management to approximately 4 million square feet, making them the third-largest office landlord in the region.
The joint-venture partnership of CP Group, formerly Crocker Partners, and Farallon Capital Management has acquired a three-property office portfolio in Atlanta from Franklin Street Properties Corp.
Crocker Partners is now CP Group. The real estate investment firm is much different than it was 35 years ago when Tom Crocker founded it.
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“But as vaccination rates have risen and restrictions have lifted, its offices are more like 35% filled this month,” Managing Partner Angelo Bianco said.
The Crocker Partners property management team implemented several research-based health and wellness strategies to ensure the tower achieved Fitwel certification.
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Crocker Partners, the largest office landlord in Florida, was brought on to oversee property management and tenant experience for the fully occupied building, home to quality tenants largely within the financial sector. The office building has received the Kingsley Award of Excellence in each of the last two reporting years.