The 21-story, Class A office building, totals 510,268 square
feet of rentable space. Built in 2004, the office tower was the first-ever LEED
Silver Core & Shell-certified building constructed. In addition to the
property’s design, which includes an expansive lobby, column-free floor plates
and floor-to-ceiling window lines, the building’s onsite amenities include a
restaurant, café/deli, dry-cleaners, ATM, conference center, shuttle service
and parking garage.
Located in Atlanta’s Midtown submarket, 171 17th Street is a
notable, mixed-use development offering some of the best views in the city, as
well as great visibility and accessibility to I-75 and I-85. The property’s
surrounding area offers an extensive array of prominent restaurants,
entertainment venues, cultural offerings and residences, including The Gate
Museum, the High Museum of Art, Atlanta’s Botanical Garden, the Georgia
Aquarium and the Mercedes Benz Stadium. The building is also located directly
adjacent to the Georgia Institute of Technology, which is one of the country’s
leading universities for research/technology.
“Tenants of 171 17th Street truly benefit from the
property’s central location in Midtown Atlanta,” said Allen Aldridge, senior
vice president for KBS and asset manager for the property. “We believe that as
the submarket’s attractiveness continues to grow, we should see increased
interest at the property from premier tenants just like Jackson Lewis P.C.”
Sam Hollis of Cushman & Wakefield represented Jackson
Lewis P.C. and Glenn Kolker and Sonia Winfield of Cushman & Wakefield
represented KBS Real Estate Investment Trust III in the transaction.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements relating to KBS REIT III’s ability to invest in and manage a diverse portfolio, and the performance of 171 17th Street and of the Atlanta real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS REIT III’s and/or 171 17th Street’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.