ATLANTA OFFICE TOWER BREAKS GROUND

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ATLANTA — Charlotte, N.C.-based Crescent Resources, in a financial joint venture with Canadian-based Manulife Financial, is developing Phipps Tower, a $175 million, 486,000-square-foot office building in Atlanta’s Buckhead district. The LEED-certified, 20-story building will be located at the intersection of Lenox Road and Phipps Boulevard. The property will feature a five-level parking garage and a lobby-level restaurant, café and convenience shop. Construction is slated for completion in January 2010.

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