ATLANTA—Sterling Pointe office complex in Atlanta's Central Perimeter submarket has traded hands. Rubenstein Partners sold the office building to a joint venture of Harbert Management Corporation and The Simpson Organization.

Sterling Pointe consists of two neighboring office buildings, Sterling Pointe I and Sterling Pointe II. The office buildings span 351,345 square feet.

After acquiring the office asset, Rubenstein executed a business plan to add value by repositioning the asset through building renovations, stabilizing occupancy, and creating a mixed-use, amenity-rich environment. The firm also paved the way for hotel and retail space by selling 3.5 acres of former parking lot as a new development site. A hotel is currently under construction, with completion expected in January 2016. Retail stores, including amenity retail in the form of a Corner Bakery Café and restaurants, will open this fall.