Parker Hudson Represents Seller of Midtown Atlanta's Atlantic Town Center

ATLANTA, Oct. 27, 2015 – Parker, Hudson, Rainer & Dobbs LLP represented a joint venture of CBRE Global Investors (CBREGI) and North American Properties (NAP) in connection with the sale of the 586,000 square foot Atlantic Town Center to Hines, the international real estate firm, on behalf of an institutional investor. The transaction closed on Sept. 30, 2015. Atlantic Town Center anchors the Atlantic Station® mixed-use development, situated on the former Atlantic Steel site, which also includes three Class A office towers, several multifamily communities, a full-service hotel and freestanding Ikea, Target and Dillard’s locations. The Parker Hudson team was led by Kenneth H. Kraft and J.P. Fougerousse.

“This was an extraordinarily complex, multi-layered transaction involving an iconic Atlanta property,” said Kraft. “We are honored that the CBREGI/NAP venture turned to our firm for counsel on this marquee transaction.”

Parker Hudson’s Real Estate Group represents owners and developers in real estate acquisition, disposition, development, leasing, capital investment, financing and asset management. Parker Hudson has closed investment sales transactions exceeding $2 billion since 2012.

Founded in 1981, Parker, Hudson, Rainer & Dobbs LLP offers exceptional boutique practices in alternative dispute resolution, bankruptcy, commercial finance, corporate and M&A, employment and employee benefits, healthcare, litigation, real estate, and tax. The firm serves its clients from offices in Atlanta, Georgia and Tallahassee, Florida. Parker, Hudson, Rainer & Dobbs is a member of Meritas, a prestigious, highly selective international association of 178 full service law firms in over 80 countries worldwide. Through this affiliation, the firm has access to more than 7,000 lawyers in member firms and is able to assist its clients’ needs for legal services across the country and throughout the world. For more information, please visit www.phrd.com.