The deal took 10 months to complete, from contract signing toclosing. Kathi Haftings, a principal at Parkway Properties,represented her company. Billy Hobbs, a principal at CresaPartners-Atlanta and Jason Jones, an associate at the samebrokerage, negotiated for Colgate-Palmolive.

The brokers declined to disclose lease terms because of aconfidentiality clause in the contract. But area brokers, notassociated with the deal and familiar with the four-story,multi-tenant property off Highway 41 just north of Interstate 285,tell GlobeSt.com the lease was probably for 10 years at anestimated effective rent of $20 per sf for a total estimatedaggregate value of $6 million.

"Colgate secured a very good deal in both financial andoperational terms," says Cresa's Hobbs. "The company reviewed manyoptions but ultimately chose to stay put and enjoy strong economicterms and continue the positive relationship with its landlord."The tenant has 130 employees.