Portman Holdings, which handles leasing and management at theadjacent SunTrust Tower office building Downtown, needed expansionspace because the 60-story, 1.2-million-sf building is nearly full,says Brannan Moss, senior vice president of tenant representationwith Jones Lang LaSalle in Atlanta. The primary tenant sought toreduce overhead costs and maximize its efficiency, so the dealworks out well for both parties, he says.

Although many companies are putting space back on the market dueto downsizing or office closings, Moss says it createsopportunities for other firms to move into improved space ateconomical rents and shorter leasing terms. "A lot of the subleaseinventory will fill up faster than direct-lease space," he tellsGlobeSt.com.

In this particular case, he says Portman Holdings is able totake advantage of the technology infrastructure put in place byWebsite Pros, which offers Internet design and programmingservices. Moss says Portman Holdings assumed a five-year lease termwith a direct-lease renewal option, but could not discloseadditional details of the transaction.

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