ATLANTA-Ciena is gearing up for a banner 2001, anticipating a 75% increase in volume. The Linthicum, MD-based optical networking system company is leasing a total 147,350 sf of new space at two area locations, bringing its totaled leased quarters in the area to 206,350 sf. The estimated value of both new leases is $14.6 million.

At Sanctuary Park, 25 miles north of Downtown, the company’s regional office is adding 56,000 sf for a total 115,000 sf in a seven-year lease having an estimated value of $1.8 million. Rental rates in the park start at $22 per sf.

At Cabot Business Center at the Meadows in Forsyth County, north of Alpharetta, GA, Ciena is taking 91,350 sf on an estimated seven-year lease with an estimated value of $12.78 million.

At Sanctuary Park, Ciena’s space is divided among three buildings. Two of the structures are open and one is under construction in the 150-acre development near GA 400. The park is owned by J.P. Morgan Strategic Property Fund. With the new lease, the company will take two floors at Oak View II, a six-story, 150,000-sf building under way and expected to be delivered in July.

On the strength of the market, Jones Lang LaSalle and J.P. Morgan began the spec building last August. With the new Ciena lease and one signed earlier by Colonial Pipeline, the building is 85% leased.

Ciena also signed a lease for 91,350-sf in Cabot Business Center at the Meadows, located in Forsyth County, farther north of Alpharetta. The company plans to have some 350 employees in the new facility, replacing smaller operations. Completed this past summer, the structure is on a 61-acre tract being developed by Taylor & Mathis in a joint venture with Cabot Industrial Trust. The developers plan a total 720,000 sf of office/warehouse.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.