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KBS Spends $133M on Atlanta Trophy

ATLANTA—171 17th Street spans 509,237 square feet and made history as the world's first LEED Silver Core & Shell certified high-rise building.

By Jennifer LeClaire | Updated on August 27, 2014

ATLANTA—KBS Real Estate Investment Trust III just spent $132.5 million (plus closing costs) to buy a trophy asset in Atlanta. KBS grabbed 171 17^th Street, a 21-story office building from JP Morgan.

“171 17th Street is a trophy quality asset that KBS REIT III is pleased to add to its portfolio,” says KBS eastern regional president Marc DeLuca. “With its high-end finishes, trophy-quality construction and expansive lobby, 171 17th Street stands out in this highly walkable urban marketplace.”

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