ATLANTA—201 17th Street in Atlantic Station in Midtown Atlanta has traded hands. After a successful repositioning, CBRE Strategic Partners US Value 6, a fund sponsored by CBRE Global Investors, sold the office building. Financial terms of the deal were not disclosed.

This deal is a model in the Atlanta market. CBRE's business plan execution saw a massive occupancy increase at the 17-story office building. Since acquiring the asset in 2012 at 48% occupancy, CBRE has raised the bar to 91%.

“Midtown is the epicenter of technology and creative business in Atlanta,” says John Gilb, principal of CBRE Strategic Partners US. “But beyond offering a prime location at Atlantic Station, we have focused on making this space even more desirable by anticipating and accommodating tenants' needs and creating a pre-eminent environment for innovation that helps tenants attract and retain young professionals.”