Georgia State University purchased another building in downtown Atlanta, expanding its strong presence in the area.

The university’s foundation paid $33.5 million to buy 55 Park Place, the 19-story building previously known as the Georgia-Pacific Plaza.

In recent years Georgia State has emerged as a dominant presence in acquiring real estate throughout downtown and the college’s footprint will now include the entire eastern side of Woodruff Park.

President Mark Becker described the property as a “fantastic acquisition” and officials said it gives the university access to more than half a million square feet of office space.

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“Children’s Healthcare of Atlanta is fully compliant with all statutory provisions enacted in 2023," a hospital spokeswoman said. (Ben Gray for the AJC)

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Stacey Abrams speaks at a rally for Vice President Kamala Harris at Georgia State University’s convocation center in Atlanta on Tuesday, July 30, 2024. Abrams is at the center of speculation over whether she will mount a third campaign for governor. (Hyosub Shin/AJC)

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