Eastman Kodak renewed a 50,000-sf lease for five years for spacewithin 3003 Summit Blvd., which is now 94% occupied. The companyhas occupied the building for the past six years. CB Richard Ellisbrokers Kerry Davidsen and Leigh Martin represented Eastman Kodak.John Heagy and Vikram Mehra, of Hines, represented thelandlord.

|

Accounting firm the Reznick Group expanded its space within 2002Summit Blvd. by 25,000 sf for four years. The company now occupies90,000 sf on four floors within the building, which is 60%occupied. Jimmy Sanders and Mitch Kahlert, of ICON Commercial,represented Reznick. Heagy and Mehra represented PerimeterSummit.

|

"Our employees are excited about staying and the expansion willallow for our continued growth over the long term," says TimKemper, of Reznick. "It's the perfect environment for our employeesand for client interface."

|

Perimeter Summit is owned by an affiliate of the GeneralElectric Pension Trust, which is advised by GE Asset Management.The property is managed by Hines. Perimeter Summit consists ofthree class A office towers at 1001, 2002 and 3003 Summit Blvd.; a321-unit condominium and the Villa Christina dining and conferencefacility. The property is located on 83 acres between AshfordDunwoody Road and Peachtree Dunwoody Road and has direct access toInterstate 285 and GA 400.

|

"The market did very well in 2007 and we've always captured ourfair share of the activity," Mehra tells GlobeSt.com. "The tenantsattracted to Perimeter Summit tend to be large corporations thatsign long-term leases."

|

Mehra adds that Hines anticipates signing other leases atPerimeter Summit within the next 30 days.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.