The office property has both traditional office tenants and sophisticated data processing tenants. Amenities include a 450-seat business theater, an executive boardroom and Wi-Fi in common areas. (Big trades are still being recorded in Atlanta's office market.)

The building is home to the American Cancer Society Inc., InComm and the Georgia Lottery Corp. Aileen Almassy, John Zintak and Porter Henritze of Cushman & Wakefield have been retained to lease office space in the building.

Atlanta's office market fundamentals still remain strong with 1.2 million square feet of direct net absorption in the trailing 12 months. (Find out how Atlanta ranks against top growth markets.)

“We are also seeing absorption in the class A market slowdown because the big blocks of space are simply not there in the desirable areas where millennials want to be,” Bill Weghorst, president of PRMG's Eastern division, tells GlobeSt.com. “Due to the lack of class A availability, record high class A rental rates and 90,000 new jobs added over the last 12 months we are starting to see a lot of activity in the class B office market. This is evidenced by the positive absorption of 351,454 SF Atlanta's Class B office market experienced in the first quarter.”

ATLANTA—The American Cancer Society Building has traded hands. The sale price: $166 million.

Cousins Properties sold the 995,728-square-foot building, which is located in Downtown Atlanta. Carter Validus acquired the office asset.

Stewart Calhoun, David Meline, Samir Idris, and Andy Johns of Cushman & Wakefield represented the seller in the transaction. Led by Mike Ryan and Brian Linnihan, the firm Equity, Debt & Structure Financing group arranged acquisition financing.

The property, located at 250 Williams Street, was built in 1989. More than 27 fiber network providers serve the office building, which sits atop Georgia Power's Fowler Underground Grid Systems, assuring an uninterrupted supply of power.

The office property has both traditional office tenants and sophisticated data processing tenants. Amenities include a 450-seat business theater, an executive boardroom and Wi-Fi in common areas. (Big trades are still being recorded in Atlanta's office market.)

The building is home to the American Cancer Society Inc., InComm and the Georgia Lottery Corp. Aileen Almassy, John Zintak and Porter Henritze of Cushman & Wakefield have been retained to lease office space in the building.

Atlanta's office market fundamentals still remain strong with 1.2 million square feet of direct net absorption in the trailing 12 months. (Find out how Atlanta ranks against top growth markets.)

“We are also seeing absorption in the class A market slowdown because the big blocks of space are simply not there in the desirable areas where millennials want to be,” Bill Weghorst, president of PRMG's Eastern division, tells GlobeSt.com. “Due to the lack of class A availability, record high class A rental rates and 90,000 new jobs added over the last 12 months we are starting to see a lot of activity in the class B office market. This is evidenced by the positive absorption of 351,454 SF Atlanta's Class B office market experienced in the first quarter.”