Atlanta

The acquisition represents the firm's broader suburban investment strategy.

“Park Place provides a rare opportunity to own in one of metro Atlanta's most exclusive and high-barrier suburbs,” says Cushman & Wakefield's Nathan Swenson.

“The building offers a great mix of office and warehouse space and presented an excellent opportunity for this buyer,” says Jeff Henson of Lincoln Property.

“With this property situated in the heart of the state's largest college town, space at Georgia Heights will always be in demand."

“The nature of work is changing; today's employees require flexibility and inspiration within their workday routines,” says Mark Vollbrecht, principal for ZRG.

In our exclusive audio interview, NKF's research director Marianne Skorupski says rising office vacancy rates could be a sign that the expansion mode has ended, or at least is taking a breather.

Those thoughts are according to Chris Breeden, director of property management at Seven Oaks Co. in Atlanta, who recently talked with GlobeSt.com about some of the holes landlords may have created through the rise of property management technology.

The 55-story tower, the tallest in the Southeast, recently underwent a $10 million renovation to the building's West Wing that delivered an array of premier amenities.