Courtesy of Assesso
Platinum Tower, a 17-story workplace constructing overlooking the interchange of I-285 and I-75
A distinguished Atlanta industrial actual property regulation agency is transferring its headquarters lower than 2 miles down Interstate 285.
Hartman Simons & Wood LLP has signed a 17K SF lease in Platinum Tower, the 17-story workplace tower that overlooks the interchange of I-285 and I-75 in the Cumberland submarket, landlord Accesso introduced. The regulation agency plans to transfer from its present headquarters at 6400 Powers Ferry Highway, simply throughout the Chattahoochee River, in December.
“As a full service regulation agency centered on the industrial actual property trade, Hartman Simons acknowledges the prime quality and accessibility Platinum Tower offers,” Accesso Director of Asset Administration Paul Einum stated in a press release.
CBRE brokers Chris Port, Kyle Kenyon and Erwin Port brokered the lease for Accesso, whereas NAI Brannen/Goddard’s Jim Devaney and Collin Devaney represented Hartman Simons, which dedicated to 11 years on the constructing.
Accesso purchased the 313K SF Platinum Tower in 2013 for $48M and was in a position to carry the constructing to 90% leased as of 2018. Exits within the ensuing years left the constructing with a extra sizable availability, because the Hartman Simons deal brings the constructing, the place asking rents are $28 per SF, to 78% leased, an Accesso spokesperson stated.
Any lease seems like excellent news after the yr workplace homeowners have simply endured. Atlanta workplace availability rose from 20% in Q1 2020 to 26.1% within the first three months of this yr, according to Savills. The workplace market’s common asking lease has stayed comparatively secure at $29.67 per SF.