X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Seven separate five-year to 10-year leases, aggregately valued at an estimated $8.22 million, are taking the 21-story One Alliance Center on Lennox Road in the city’s affluent Buckhead district to 86% occupancy.

New York-based Trizec Properties Inc. completed the 560,000-sf, class-A building in late October 2001.

Trizec wouldn’t disclose rental rates but area brokers tell GlobeSt.com on condition of anonymity the rates are “at or above market rate.” That would place the existing average rent at a conservative $27 per sf, area brokers project.

The average asking rates in Buckhead are among Atlanta’s highest and range between $26.90 per sf and $28.12 per sf, according to GlobeST.com research.

Greenwich, CT-based Arch Insurance Co. signed a 10-year, 12,700-sf lease at an estimated aggregate rent of $3.43 million. John Ferguson of the Atlanta office of New York-based Insignia/ESG represented this division of Arch Capital.

Locally based Register & Ackers, a regional investment firm, is taking 8,000 sf for seven years for an estimated $1.51 million. Bob Matthews and Fred Sheats of Colliers Cauble, Atlanta, represented the tenant.

St. Paul, MN-based Meridian Management, exclusive marketing agent for the International Olympic Committee, signed a five-year, 7,000-sf lease for an estimated $945,000. The tenant was represented by Ann Lofye of Atlanta’s Insignia/ESG office.

ABN AMRO, the Netherlands-based baking giant, signed a five-year lease for 6,000 sf at an estimated total rent of $810,000. David Tyler of locally based Corporate Real Estate Services represented the tenant.

R.A. “Bucky” Brooks of the local office of Albuquerque, NM-based First Commercial Real Estate Services represented locally based Lockton Benefits of Georgia in a five-year, 5,000-sf lease with an estimated value of $675,000.

Stamford, CT-based United Systems Integrators signed a five-year, 3,500-sf lease for an estimated $472,000 and was represented by Mike Wells of its in-house brokerage services division.

Gotel, a U.S. subsidiary of the British-based telecommunications company, signed a five-year lease for 2,800 sf at an estimated $378,000.

John O’Callaghan of locally based NAI/Brannen Goddard represented the tenant. Gail Peeler, Trizec’s on-site leasing agent, represented the owner in all of the transactions.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.