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| Kay Younglove |
ATLANTA, GA (Aug. 2, 2016)
— Peachtree Center, the iconic six-tower, 2.5-million-square-foot mixed-use
property in downtown Atlanta, is pleased to announce that the Atlanta Regional
Commission (ARC) has signed a letter of intent for approximately 50,000 square
feet of space at its International Tower.
Mike Werner, David Horne and Kay Younglove of JLL represented Banyan Street Capital, the owner
of Peachtree Center, in the transaction, and John Izard and Cathy Sheehan of Cushman & Wakefield represented
ARC.
“Symbolically located at
the heart of the Atlanta region, Peachtree Center’s downtown vibrancy and
modernization plans align with our values at ARC,” said Kerry Armstrong, ARC board chair.
“Peachtree Center will
provide us with expanded and enhanced amenities, including improved
accessibility for those riding bus or rail transit, in a highly walkable area.
ARC has been working for decades to foster this kind of development throughout
the Atlanta region.”
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| Kerry Armstrong |
ARC, the official planning
and intergovernmental coordination agency for the 10-county Atlanta region,
will relocate its approximately 200 employees to Peachtree Center, taking
occupancy next summer. In addition to two and a half floors of office space,
ARC will lease about 9,000 square feet of conference and community meeting
space.
“We’re excited to welcome
such an impactful organization to Peachtree Center,” said Kay Younglove, senior
vice president for JLL who represented Banyan Street Capital in the
transaction.
“ARC is an excellent addition to our all-star tenant roster, and
its decision to move to Peachtree Center further supports the types of
amenities today’s companies seek.”
In addition to
connectivity to public transit, Peachtree Center hosts community events such as
the Peachtree Center Green Market, a lunchtime farmers market open to the
public every Thursday.
Guests and office workers
have the unique opportunity to stock up on fresh produce, freshly baked bread,
imported cheese and more. Next year, Peachtree Center is poised to undergo
redevelopment of its three-story retail center and courtyard, creating a
modernized hub of destination retailers and restaurants.
Other top companies that
have recently moved to Peachtree Center include Urban Land Institute Atlanta,
Fifth Group Restaurants and Web.com.
For a complete copy of the company’s news release,
please contact:
Meredith Pierce • The
Wilbert Group
1720 Peachtree St., Suite
350 • Atlanta, Ga. 30309
O: 404-343-0108 • M:
478-719-9958
@meredithfierce
peachtreecenter.com or
facebook.com/peachtreecenter.
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