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| Kay Younglove |
ATLANTA, Dec. 22, 2014
– JLL announced it has been awarded exclusive leasing assignments for
three well-known office properties totaling about 3.2 million square feet in
metro Atlanta.
The properties include the iconic six-tower, 2.4
million-square-foot Peachtree Center in downtown Atlanta; the
four-building, 558,617-square-foot Satellite Place in Duluth; and the
two-building, 266,054-square-foot Deerfield Corporate Centre in
Alpharetta.
JLL received the assignments from Banyan Street Capital, which
has had a long-standing ownership interest in Peachtree Center, and, in a
partnership with Oaktree Capital Management, recently closed on the
acquisitions of Satellite Place and Deerfield Corporate Centre.
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| David Horne |
Crucial to the leasing teams of the properties will be the
new hire of Michael Werner joining JLL from Parkway Realty Services,
where he was responsible for the leasing of Peachtree Center, as well as other
high-profile Atlanta office properties. Werner is a Vice President in JLL’s
Agency Leasing group.
Senior Vice President Kay Younglove, Werner and
new hire David Horne, who has joined JLL as a Leasing Associate, will
oversee the leasing of Peachtree Center, for which Banyan Street Capital
recently secured approximately $35 million in financing to use for capital
improvements and leasing costs at the property.
Younglove also has experience leasing Peachtree Center,
having leased the property in the late 1980s for architect and developer John
Portman. Horne joins JLL from Parkway Realty Services.
Senior Vice President Glenn Aspinwall, a long-time
Gwinnett County resident, and Werner will lease Satellite Place, while
Younglove and Horne will handle the leasing of Deerfield Corporate Centre.
“David and I are pleased to be joining a team recognized as
the strongest agency in the city, and to be able to continue to serve such a
great client as Banyan Street,” Werner said.
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| Peachtree Center, Downtown Atlanta, GA |
Werner has 15 years of experience in commercial real estate;
over the last seven years, he has completed more than 450 leases on behalf of
landlords, for a total of more than 3.6 million square feet.
Prior to his stint
at Parkway, Werner worked at CBRE, where he was responsible for leasing and
marketing office properties on behalf of third-party clients.
While at Parkway, Horne was responsible for the leasing of a
portfolio of Class A Atlanta office assets that totaled more than 3 million
square feet.
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| Deerfield Corporate Centre, Alpharetta, GA |
JLL begins the leasing assignments for Peachtree Center,
Satellite Place and Deerfield Corporate Centre amidst an ever-improving Atlanta
office market.
Net absorption in the market totaled nearly 1.7 million square
feet in the first three quarters of this year, according to JLL research.
For more news, videos and research resources on JLL, please
visit JLL’s U.S. Media Center web page.
www.jll.com.
For a complete
copy of the company’s news release, please contact:
Stephen Ursery
Phone: +1 (404)
549-7150
Email: sursery@thewilbertgroup.com
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