ATLANTA-It is not every day that the owner of a 400,000-squarefoot office building is able to renovate it without help from alender. But Atlanta-based Westplan Investors, a boutique commercialreal estate firm, which owns the 55 Marietta Street building indowntown Atlanta, is just such an owner. The building, which is 55years old, just received a $5 million renovation paid for byWestplan.
The renovation of 55 Marietta Street included, in addition tocosmetic touches, such as an upgraded lobby and renovation of the3,000 to 4,000 square feet of ground floor retail, new transformersto generate more power and more backup generators.
The main rationale for beefing up the power is that half thebuilding is a telecom hotel with tenants like Cyberwurxz, Q Westand Cogent. A big part of these companies' business is hostingwebsites.
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