Office

HFF secured $104 million in acquisition financing for the two-building complex.

Several suburban submarkets don't have trouble attracting tenants.

San-Francisco-based Terreno Realty acquired the property in December 2010 for approximately $9 million.

“Environmental sustainability is a key part of NCR's commitment to the prosperity of our employees and our community in Midtown Atlanta," says Andrea Ledford of NCR, which occupies the property.

After strategic renovations transformed the class-A office tower, 1850 Gateway is now 100% occupied following a string of recent signings, with Apixio set to take over a full floor in a long-term lease.

When fully developed, the 60-acre mixed-use development, CityPlace, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott and additional multifamily.

As the region increasingly grows, particularly in the finance industry, employment hubs become more of a focus as a way to integrate functions for efficiencies, better customer service and cost management.

Office capital is heading out of California is search for yield, but the trend has meant rising prices and strong competition in emerging markets on the Western US.