Argus paid Olympia Properties LLC through Boston-based TA Associates Realty $197 per sf for the two-building, 526,617-sf complex. TA Associates also sold Argus the three-building, 392,885-sf Powers Landing East campus in December 2005 for $66.6 million or $169.51 per sf, as GlobeSt.com previously reported. TA represented seller Realty Associates Fund V of Boston in the that deal.

Argus chairman and CEO Dick Gee tells GlobeSt.com "an advantage we had in being selected as the buyer was that we all worked together when we acquired Powers Ferry Landing last December. We had the same pension fund advisor representing the seller, the same broker, the same mortgage banker, same lender and the same property and leasing managers."

Will Yowell, senior vice president of CB Richard Ellis Inc.'s Institutional Investment Properties Group in Atlanta, headed his team of vice president Jay O'Meara and first vice president Justin Parsonnet in negotiating for the seller. Bill Tyler at Atlanta's LJ Melody office brokered the acquisition financing through John Higgins at Chicago-based La Salle Bank. Jones Lang LaSalle are the property and leasing managers.