JLL Secures 3.2M SF in Atlanta Leasing Assignments

ATLANTA—Brokerage firm JLL reports it has been awarded exclusive leasing assignments for three properties totalling approximately 3.2 million square feet of office space in metro Atlanta.

The three properties are the six-tower, 2.4 million-square-foot Peachtree Center in downtown Atlanta; the four-building, 558,617-square-foot Satellite Place in Duluth, GA; and the two-building, 266,054-square-foot Deerfield Corporate Centre in Alpharetta, GA.

JLL secured the assignments from Banyan Street Capital, which has had a long-standing ownership interest in Peachtree Center, and, in a partnership with Oaktree Capital Management, recently closed on the acquisitions of Satellite Place and Deerfield Corporate Centre.

In conjunction with the assignments, JLL reports the addition of a number of new hires including Michael Werner who joins JLL from Parkway Realty Services, where he was responsible for the leasing of Peachtree Center, as well as other high-profile Atlanta office properties. Werner is a vice president in JLL's Agency Leasing group.

Senior vice president Kay Younglove, Werner and new hire David Horne, who has joined JLL as a leasing associate, will oversee the leasing of Peachtree Center, for which Banyan Street Capital recently secured approximately $35 million in financing to use for capital improvements and leasing costs at the property, JLL states. Younglove also has experience leasing Peachtree Center, having leased the property in the late 1980s for architect and developer John Portman. Horne joins JLL from Parkway Realty Services.

Senior vice president Glenn Aspinwall, a long-time Gwinnett County resident, and Werner will lease Satellite Place, while Younglove and Horne will handle the leasing of Deerfield Corporate Centre.

Werner has 15 years of experience in commercial real estate. Over the last seven years, he has completed more than 450 leases on behalf of landlords, for a total of more than 3.6 million square feet. Prior to his stint at Parkway, Werner worked at CBRE, where he was responsible for leasing and marketing office properties on behalf of third-party clients.

While at Parkway, Horne was responsible for the leasing of a portfolio of Class A Atlanta office assets that totalled more than 3 million square feet.