Resurgens Plaza deal completed

Behringer Harvard continues Atlanta expansion

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Behringer Harvard REIT I Inc. acquired Resurgens Plaza, a 27-story office building in Atlanta, for an undisclosed price. Constructed in 1988, Resurgens Plaza contains about 400,175 square feet of rentable office space and 1,100 parking spaces. The property also provides direct access to the Lenox MARTA station, the major light-rail service in the area. Four major anchor tenants -- including an underwriter of wholesale specialty insurance, a labor dispute law firm and a general practice law firm -- occupy 61 percent of Resurgens Plaza, which was approximately 90 percent leased at the time of sale. Behringer Harvard also owns the Paces West and Ashford Perimeter office buildings in Atlanta. Behringer Harvard REIT I Inc. also owns assets in Chicago, Houston, Denver, Philadelphia, Washington, D.C., Baltimore and Los Angeles, among other cities. ...