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Soon after raising $516 million with its seventh – and largest – investment fund, The Brookdale Group acquired two Buckhead cornerstones – the Pinnacle and Two Live Oak buildings. Atlanta’s inclusion in the seventh fund is notable for the city’s forward progression, as Brookdale’s previous fund didn’t include Atlanta as a target market for transactions.
Known for its sail-shaped roof, the 21-story Pinnacle is 92 percent leased, while the 13-story Two Live Oak building is 62 percent leased. The acquisition is Brookdale’s first in the Buckhead submarket, which Co-Founder Fred Henritze called “flourishing.” DTZ will lead leasing, while Transwestern will manage the buildings.