Within the largest workplace leasing settlement in Atlanta up to now this 12 months, TriNet has dedicated to 150,000 sq. ft inside Excessive Avenue, a 36-acre mixed-use improvement. GID owns the $2 billion city heart district.
JLL brokered the deal on behalf of each events. The HR options firm’s transfer is about to create 750 jobs over the following 5 years.
Situated on the intersection of Perimeter Heart Parkway and Hammond Drive, the event web site is a few 15 miles from downtown Atlanta. Upon full build-out, the mission will embrace 672,000 sq. ft of Class A workplace house, two resorts, 400,000 sq. ft of purchasing, eating, health and leisure, in addition to 3,000 luxurious residential items.
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Thus far, GID accomplished the $415 million first section of the grasp plan, which included two upscale condo buildings, 90,000 sq. ft of loft workplace house and 150,000 sq. ft of vacation spot retail, restaurant, leisure and purchasing. The mission additionally has an present 221,861-square-foot workplace constructing, a central garden and extra public areas.
JLL Managing Director Jeff Taylor and Govt Managing Director Adam Viente represented GID within the settlement. Managing Director Tony Guglielmi, Govt Managing Administrators Wealthy Branning, Josh Hirsh and Dom Wyant, together with Senior Vice President Terry McGuirk and Advisor Brennan Koslow, labored on behalf of the tenant.
Atlanta’s workplace emptiness fee on par with nationwide figures
Atlanta’s workplace emptiness fee as of March clocked in at 19.5 p.c, marking a 250-basis-point enhance year-over-year, in line with a CommercialEdge workplace report. The metro’s common itemizing fee throughout the identical month was $33.4, on par with the nationwide common.
Within the first quarter of the 12 months, Greenberg Traurig signed a 105,103-square-foot lease renewal at Terminus 200, an workplace constructing inside the Buckhead district, in line with Cushman & Wakefield. Cousins Properties owns the 580,850-square-foot property.
