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ATLANTA-With construction well under way at the mixed-use, 50-story 3344 Peachtree development, the building is almost 25% preleased. The project is being developed by locally based Regent Partners LLC.

Leases signed for the project include First Horizon Bank, which will occupy 33,000 sf including a new 4,600-sf retail branch; Buckhead Club, which will occupy 20,000 sf on the building’s 26th floor; the Buckhead Life Restaurant Group, which will occupy 9,000 sf at the street level; and Regent Partners, which will relocate its corporate headquarters from 3348 Peachtree Rd. to a 15,000-sf space.

Regent is also on the verge of signing a 40,000-sf tenant, but could not yet name the tenant because the lease has been finalized, Regent Partners principal of office properties and development David Tannery tells GlobeSt.com.

The project includes nearly 500,000 sf of office and retail space, which is scheduled for occupancy in early 2008. The project also includes 93 two- and three-bedroom condominiums called Sovereign which are priced from $1 million. Floors two through seven will contain parking, eight through 26 will contain office space and the 28 through 50 will contain the condominiums. The building fronts Peachtree Road on the new pedestrian corridor that is becoming identified as the new “Peachtree Boulevard.”

“There has been significant interest in 3344 Peachtree,” Tannery says. “From a general market perspective, there is a relatively limited supply of class A office space in the Buckhead submarket.”

Tannery adds that the project has several attributes, including its location. The property will have access to the Buckhead Loop which connects with all of the areas’ major arteries. “In Atlanta, as we continue to grow, we are addressing problems of traffic management and accessibility,” he says. “This project has the best access to any of the key roads in Buckhead.”

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