ATLANTA-Portman Holdings LLC is subleasing 45,000 sf at the SunTrust Plaza Garden Offices from Website Pros Inc., which has reduced its office space needs after merging with Web.com Inc. last year. Jacksonville, FL-based Website Pros will retain 27,000 sf in the same location.

Portman Holdings, which handles leasing and management at the adjacent SunTrust Tower office building Downtown, needed expansion space because the 60-story, 1.2-million-sf building is nearly full, says Brannan Moss, senior vice president of tenant representation with Jones Lang LaSalle in Atlanta. The primary tenant sought to reduce overhead costs and maximize its efficiency, so the deal works out well for both parties, he says.

Although many companies are putting space back on the market due to downsizing or office closings, Moss says it creates opportunities for other firms to move into improved space at economical rents and shorter leasing terms. “A lot of the sublease inventory will fill up faster than direct-lease space,” he tells GlobeSt.com.

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