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Salesforce Tower, a 34-story office Buckhead highrise, has sold for $205 million.
CBRE represented funds managed by Oaktree Capital Management, L.P., and Banyan Street Capital in the sale to global investment firm KKR.
As its name suggests, the office tower is anchored by the cloud computing developer Salesforce which operates seven regional hubs around the globe.
In conjunction with the recent long-term expansion and renewal of Salesforce, Oaktree completed an $8.4 million capital investment program ahead of the acquisition.
Salesforce also invested over $12 million in an “interactive lobby” and the creation of a top floor “Ohana” space, a multipurpose lounge with a full-service kitchen.
The technology-driven, B2B tenant roster at Salesforce Tower includes RentPath, Rubicon, SAS Institute, Ademco, Soltech, and Carat.