ATLANTA—Invesco Real Estate has sold off some of its Atlanta-area commercial real estate assets. Invesco has disposed of Preston Ridge I and Windward Fairways I & II, located in Alpharetta, GA for $47.25 million, or $109 per square foot.

Cushman & Wakefield executive director David Meline, along with executive director Stewart Calhoun, director Samir Idris, and senior associate Casey Masters, represented the seller. Cornerstone Real Estate Advisers, a real estate investment firm based in Hartford, CN, and an indirect subsidiary of Massachusetts Mutual Life Insurance Company, acquired the office portfolio.

“This transaction had many of the classic value-add attributes investors are currently seeking, namely, high-quality, well-positioned buildings with a strong, diversified tenant roster in a recovering market,” Meline tells GlobeSt.com. “As a result, the pool of bidders was deep. The quality of bidders was impressive, including the ultimate purchaser, indicating a return of the institutional investor to the outer-suburban submarkets of Atlanta.”