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has hired CB . as its strategic real estatse adviser forthe firm’s Atlanta office. New York-basedd PwC leases about 150,000 square feet at 10 Tentg Street. The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’s Atlantaz office and Timothy Dempsey from CBRE’s New York will examine the accounting firm’zs potential relocation opportunities throughout greater Atlanta, as well as represenyt PwC in any discussions with its current landlord. PwC’s national real estate servicess provider, provides transaction managemen and project management services throughouf the United States on behalfof PwC.
Abougt 10 years ago, PricewaterhouseCoopers moved nearly 860 employeexsto Midtown’s 10 Tenth St., knowh as the Millennium office building, located at 10th and West Peachtreee streets. That deal gave a huge boost to what was then a strugglinf Midtownoffice market. PricewaterhouseCoopers joins many other large professional services firms that are starting thei search for new leasesa in theAtlanta market, including Big Four competitor and downtowm office tenant , which is currently housedf at SunTrust Plaza. GA-MET, a real estate jointg venture between Georgia-Pacific LLC and MetLife Inc.
, recently awarded the leasinf and managementof Georgia-Pacific Center to The firm will begi n the assignment on June 16. has beenmarketing and managingthe 52-story,1.11 million-square-foot tower at 133 Peachtreee St. Georgia-Pacific leases 820,000 squarre feet for its corporate Georgia-Pacific Center has about 124,000 square feet of contiguousz space available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinhg is 87 percent leased.
Jones Lang LaSalle Managing Director Lindaz Bolan willlead management-transition efforts, while Mark Harrington and Jamilyn Boze will be responsibles for the daily management of the Jones Lang LaSalle senior vice presidentz Glenn Aspinwall and Jeff Frantz will lead “We’ve assembled an all-star team to work with GA-MET to furthed the success of this landmark building,” said Clarlk Gore, Jones Lang LaSalle Atlanta market director. “It’ss a great asset and a terrificc opportunity to continue to prove our capabilitiese and the quality of our Atlantaleadership team.
” Leasing and managemeng of the Georgia-Pacific Center adds to Jones Lang LaSalle’s significant downtown presence. The firm also leases 230 Peachtrew Street and manages the United Way of MetropolitahAtlanta Inc.’s downtown headquarters. In addition, Jones Lang LaSalle’s Project and Developmenty Services team is leading the redevelopment of the Hiltobn Atlanta and the HyattRegency Atlanta, after also completinvg development and redevelopment efforts for the World of Coca-Colas and the Atlanta Marriott Marquis in the past two The team is also developing Georgia State University’s $160 millionj Science Park in Atlanta’s downtown submarket.
Jones Lang LaSallee leases and manages about 9 million squares feet inmetro Atlanta. recently sold its Post Dunwoodt apartments forabout $47 million, the largesr multifamily transaction of the year in Atlant and a sign that some types of real estate lendiny are picking up. In a deal that closed in April, Post PPS) sold the 530-unit apartment complexz to andfor $47.r million, or $89,434 a unit. Fulton County had valuexd the property atnearly $51 million, or abouft $97,000 a unit. Freddir Mac (FRE) originated a nearly $36 milliohn loan to fund the transaction, according to The deal resulte in a 75 percent loanto value.
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