Questions remain about the logistics of such a move, such aswhere Triarc's new center would go or whether enough direct orsublease space is now available in the market to accommodate thatbig an operation. Triarc representatives will only say they areconsidering their options while working to integrate Wendy'soperations with those of the company's current chain, Arby'sRestaurant Group.

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Triarc has 370 personnel at its offices at 1155 Perimeter CenterWest, where the company occupies 134,000 sf or at least one thirdof the 12-story building. Brokers say that building and severalothers in the Perimeter submarket don't have enough current vacancyto accommodate Triarc's proposed consolidation, raising theprospect that it might need to relocate to another part of theAtlanta metropolitan area.

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Triarc, which trades on the New York Stock Exchange, disclosedin recent Securities and Exchange Commission filings that it plansto consolidate support services for both Wendy's and Arby's inAtlanta, while maintaining Wendy's longtime headquarters in Dublin,OH. The nation's third-largest quick-service restaurant companywould realize estimated annual savings of $60 million bystreamlining services and eliminating duplicative corporatefunctions.

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CB Richard Ellis is said to be working with Triarc on its RFP,which CBRE's Atlanta office would neither confirm nor deny prior tothe Independence Day holiday weekend. However, reports of a largerTriarc headquarters is generating excitement among local officebrokers in a market seeking good news amid an overall vacancy ratenearing the 20% mark at midyear.

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"That deal will be one of the first big wins Atlanta has had ina number of years," Bob Mathews, president of Colliers SpectrumCauble in Midtown, tells GlobeSt.com. "It would be a bellwetherdeal for this market."

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Although Atlanta ranks third among US cities with the mostFortune 500 headquarters, including Coca-Cola Co. and United ParcelService, it hasn't been without its fair share of corporate losses.Besides cutbacks by major corporations such as AT&T, Home Depotand Delta Air Lines, its office sector has been hit by financialservices layoffs related to the housing market downturn.

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Triarc, which posted nearly $1.3 billion in annual sales lastyear, expects to grow that number to $12 billion once it completesits $2.3-billion buyout of Wendy's this fall. The merger willcombine nearly 3,700 Arby's restaurants, which specialize in roastbeef sandwiches, with 6,600 belonging to Wendy's, which is famousfor made-to-order hamburgers and biggie-sized fries and drinks.

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