Specific terms of the lease were not released for the buildingat 1111 Bagby St., but the Downtown's average class A rate is$26.23 per sf. The deal puts Heritage Plaza at 85% occupancy.

Stephen W. DeVinney, principal with Atlanta-based Goddard, saysDeloitte has leased already-vacant space so the deal doesn'trequire any restacking. Heritage Plaza's occupancy was 60% prior toDeloitte's signing.

DeVinney adds there are more deals on the horizon. "We haveseveral current prospects and numerous existing tenants seeking toexpand," he says.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.