ATLANTA—Crocker Partners just acquired Atlantic Center Plaza, an iconic 23-story, 500,000-square-foot class A office tower in the heart of Atlanta's Midtown market. A joint venture between Crocker and the Distressed Real Estate Opportunities Fund managed by Siguler Guff & Company, LP recapitalized the building.

Built in 2001, Atlantic Center Plaza is LEED Gold Certified and is one of several assets Crocker previously owned, sold in 2005, and recently re-acquired. There were no brokers involved with this transaction.

“Atlantic Center Plaza has tremendous value-add potential,” says Partner Chris Eachus, who directs Crocker's Atlanta regional office. “We're excited to reinvest in a trophy asset, in a premier submarket, at a time when metro Atlanta is experiencing significant absorption and job growth.”