×

TRANSWESTERN CORPORATE PROPERTIES SET TO ACQUIRE STATE FARM PROJECT IN ATLANTA

Atlanta, May 25, 2017 (GLOBE NEWSWIRE) -- Transwestern Investment Group today announces Transwestern Corporate Properties I Investor has reached an agreement to acquire Park Center I in Atlanta as part of a sale-leaseback transaction with State Farm Auto Insurance Co. This agreement follows Transwestern's acquisition of the 2.2 million-square-foot, mixed-use project in Texas occupied by State Farm under long-term leases.





Park Center I is a 13-story, LEED-certified office tower situated on a seven-level parking structure with ground-floor retail. The Class A building is located on 4 acres at Hammond Drive and Perimeter Center Parkway, adjacent to the Dunwoody MARTA station. State Farm employees began moving into the new building in fourth quarter 2016.

ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group is an investment advisor serving a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Our client-focused, relationship driven approach ensures our priorities are our clients' investment objectives. With $3 billion of assets under management, trust, integrity and transparency are the cornerstones of our business. Transwestern Investment Group provides tactical investment management with an integrated operating platform through the Transwestern family of companies, which includes a diversified real estate services firm with 34 U.S. offices and a development company. For more information, please visit transwesterninvest.com.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/71729338-a444-4088-b7e8-3b01a0b82389

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/476f54e2-6242-435b-a495-16726a5fee26

Stefanie Lewis Transwestern 713.272.1266 stefanie.lewis@transwestern.com

Source: Transwestern