A company representative tells GlobeSt.com the price will be disclosed at a later date. However, Atlanta and New York brokerage sources in a position to know tell GlobeSt.com the deal went down on the high side at between $650 million to $675 million. That range equates to about $185.71 to $192.85 per sf, below replacement cost, construction sources familiar with the buildings tell GlobeSt.com.

Tishman Speyer senior managing director Robert J. Speyer calls the acquisition "a sizable portfolio of diversified, high-quality assets, well located in each of Atlanta's top four office submarkets…featuring a roster of premier tenants."

Tishman Speyer acquired the portfolio, formerly owned by Chicago-based Trizec Properties, through an assignment of purchase rights from the Blackstone Group of New York. Blackstone had acquired purchase rights through its participation in the acquisition of Trizec by Brookfield Properties, also of New York.