Atlas Capital Group is leading a group of real estate investment firms poised to acquire Los Angeles real estate management firm Evoq Properties Inc. for some $357 million.

Evoq Properties announced Monday that its board and majority stockholder, MMPI Acquisition, approved the sale. Evoq’s shareholders are set to receive about $12.96 in compensation through the sale, a premium of almost 50 percent above the trading price before the announcement.

Atlas Capital Group of New York is the lead buyer. Square Mile Capital Management of New York and USAA Real Estate Co. of Irvine are also members of the buyers’ group.

Evoq Properties’ portfolio includes the 32-acre Alameda Square, southwest of the intersection of Seventh and Alameda streets in industrial downtown Los Angeles. Alameda Square is an early 20th century rail terminal that has been redeveloped for office space and other uses.

Evoq Properties was previously known as Meruelo Maddux Properties Inc., which filed for Chapter 11 bankruptcy protection in September 2009 as the real estate market collapsed. The company finished its reorganization in July 2011 and changed its name to Evoq Properties in March of the following year.

The transaction is expected to close in October.

Evoq Properties shares on Monday rose $4.17, or 49 percent, to close at the sale price of $12.69 in over the counter trading.