BPG Acquires 415,324-SF Office Building

ATLANTA-Philadelphia-based BPG Properties Ltd has acquired 7000 Central Park, a 415,324-sf class A office building near the interchange of GA 400 and Interstate 285. The acquisition price was not released, but area brokers estimate that it in excess of $60 million.

The seller was a joint venture between the Philadelphia-based Rubenstein Co. LP and locally based Barry Real Estate Cos. The acquisition was made on behalf of BPG Investment Partnership VII LP, a private equity fund with equity commitments of $550 million.

Stewart Calhoun and David Meline, of Cushman & Wakefield’s capital markets group acted as the brokers. BPG senior vice president Roy Perry and vice president George Haines handled the transaction for BPG.