Damon Hemmerdinger, co-president of Atco Properties, said in a statement to CBJ that Shorenstein's decision to exit its stake in Camp North End comes after a six-year partnership and the completed redevelopment of five office buildings.
"Atco plans to continue in its current role within these buildings, guiding the vision and actively managing the project on behalf of our partners," he said. "In addition to maintaining our current ownership stake and role within these commercial buildings, Atco remains fully committed to Camp North End, which at full build-out is slated for up to three million square feet.
In the statement, Hemmerdinger said Shorenstein played an integral part in Camp North End's successes.
"Camp North End would not be what it is today without our longstanding partnership with Shorenstein Properties, and we are grateful to them for sharing in the vision for this development and for making one of the largest investments of capital into the North End," he said.