The Streets of Buckhead: You Are Not Hallucinating

ITP, OTP, Office Deals Abound

Office deals are rocking and rolling all around the city.

It seems like tenants are finally making decisions - versus hiding under their desks in 2009 - and that's a good sign for Atlanta's office market, whether tenants renew and expand or relocate.

Just as conventional wisdom suggested, Thompson Hine LLP landed at Tishman Speyer's Two Alliance Center with an 11-year deal for 30,048 square feet at the new building. The Cleveland-based law firm joins Novelis, Marsh & McLennan and Turner Construction at Two Alliance, Tishman Speyer's 500,000-square-foot, LEED Gold trophy that's now 60 percent leased. Tishman Speyer's Chris Ahrenkiel represented ownership, and Studley's Andy Lechter and Josh Hirsh represented Thompson Hine.

In the Georgia 141 corridor, TPA Realty Services has leased 30,375 square feet to Alta Telecom at Peachtree Technology Center in Peachtree Corners and renewed and expanded trucking firm SAIA for 44,932 square feet at 11465 Johns Creek Parkway in Johns Creek. Further north, Martin Materials Inc. leased 10,235 square feet at The Paddocks in Suwanee. TPA's dynamic duo of Bryan Heller and Peter McGuone represented ownership in each transaction. Kevin Creel and Joe Grace of CresaPartners represented Alta Telecom in its HQ/data center lease, and Bruce May of Piedmont Property Co. represented SAIA. Kevin Carroll of CB Richard Ellis represented Martin Materials.

Downtown, Portman Management Co. has closed approximately 150,000 square feet in SunTrust Plaza deals, keeping the office tower at better than 90 percent leased. Engineering firm Newcomb & Boyd renewed for 42,000 square feet, with Cushman & Wakefield's Ian Henderson representing the tenant. Henderson and C&W counterparts Kelly McGuire, John Izard Jr., Ben Reeves and John Winter represented law firm Hawkins & Parnell in its renewal for 71,000 square feet at SunTrust Plaza. Also at the Downtown landmark, marketing firm TrendInflunce leased approximately 30,000 square feet and was represented by Jones Lang LaSalle's Duncan Gibbs and Gannon Shepherd. Bryan Hogg, who's an icon himself, leads Portman's leasing efforts at SunTrust Plaza.

In Vinings, Cousins Properties represented ownership, Parmenter Realty Partners, in two renewals at Overlook III. NationsBuilders Insurance Services extended its 17,013-square-foot lease through 2020, and AlphaStaff Group renewed and expanded for a total of 11,912 square feet through 2019. Hirsh and Lechter of Studley represented NationsBuilders Insurance, and Chris Wagner of Jones Lang LaSalle represented AlphaStaff. Cousins' Chuck Francis and Jeff Dils represented ownership, and the two deals put Overlook III at 77 percent leased.