Green Street Properties inked a deal to purchase Atlanta’s City Hall East (the old Sears building) for $27 million. The Atlanta City Council must still approve the sale.
Green Street Properties proposed redevelopment plans include 20% small and mid-box retail space, 40% residential and 40% office space.
Green Street Properties is “a national green consulting and development firm focused on creating sustainable urban properties. Green Street is a subsidiary of Jamestown, an international real estate investment and management firm that has acquired over $8 billion in US real estate.” It is best known in Atlanta for Glenwood Park.