REBusinessOnline

Insurance Companies Partner to Acquire Buckhead Office Building in Atlanta for $166M

Prominence in Buckhead is a 433,000-square-foot office building in Atlanta’s Buckhead district.

ATLANTA — A joint venture between New York Life Insurance Co. and Ilmarinen Mutual Pension Insurance Co. has purchased Prominence in Buckhead, a 433,000-square-foot, Class A office building in Atlanta’s Buckhead district. The seller and sales price were undisclosed, but multiple media outlets report that Crocker Partners LLC sold the asset for $166 million. The 19-story building was delivered in 1999 at the intersection of Piedmont and Lenox roads. New York Life Real Estate Investors represented the joint venture in the transaction. According to the firm’s Atlanta’s office, the lobby, amenities and common areas of Prominence will be upgraded.

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