X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Audio engineering school SAE Institute has leased 17,500 sf at 215 Peachtree St., where it plans to open a branch of the school. The lease transaction is worth $3.3 million.

Richard Bowers and Co./TCN Worldwide vice presidents Charles McDonald and Tim Moresco and Pamela Title, managing director of Murray Hill Properties/TCN Worldwide represented the tenant. SAE is an international school with locations in Los Angeles, New York City, Miami and Nashville, among other locations. TCN had been working with the school since 2004 to find a suitable location. “They had been focused on a site on the West Coast,” McDonald tells GlobeSt.com. “This lease has been a long time coming.”

Among reasons the location was selected was that the building in located in the heart of Downtown and is surrounded by many area amenities, such as Centennial Olympic Park, Peachtree Center, Rialto Theatre and Philips Arena. The building also sits atop a Marta station. “There are many housing options available for students in the area at different price points,” McDonald adds.

The school is planning a fall 2007 opening, but must complete extensive renovations to the building prior to opening, Moresco tells GlobeSt.com. Rather than be connected directly to exterior walls or columns of the building, there must be space between the interior and interior walls to minimize sound and vibration which can interfere with recording. “The detail is far greater than it would be for office space,” Moresco says.

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?

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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.