ATLANTA—Macfarlan Capital Partners and Cole Real Estate Investments just acquired a two-building office portfolio in Midtown Atlanta. The class A trophy office campus is leased to AT&T.

The joint venture now owns the 16-story Midtown I and the eight-story Midtown II. The two office assets span 794,110 square feet of space. The joint investment of more than $225 million includes allowances payable to the tenant as part of the transaction.

“The Midtown I and II acquisition represents a great opportunity for Macfarlan to provide its investors with a strong current yield from a trophy asset backed by outstanding credit,” Bryan Larson, firm partner for Macfarlan, tells Globest.com. “We are really excited about the opportunity to partner with Cole on this transaction and look forward to working with them on other transactions in the future.”