ATLANTA— Peachtree Lenox, a class A, nine-story, 125,669-square-foot office building in Atlanta's Buckhead submarket, just traded hands. The sale price: $21.3 million.

Roseview-PMRG Fund I, a $250 million discretionary fund formed by PM Realty Group (PMRG) and Roseview Group, acquired the office building. This is the fund's first acquisition in Atlanta. The partnership also owns properties in Texas and Massachusetts.

"Peachtree Lenox is an ideal asset for the fund because it is perfectly situated to respond to the demands of today's tenants, including access to quality residential neighborhoods, transportation and amenities," says Angelo LoBosco, executive vice president of PMRG. "This property is exactly the type of product we are seeking to acquire for our fund: value-added office properties in key infill markets with extremely strong fundamentals."