Search
 

Cingular Wireless Eyes Glenridge Highlands Two for Home Base

ATLANTA-The newly-formed joint venture of BellSouth and Texas-based SBC Communications plans to lease about 300,000 sf in the 20-story, 414,200-sf tower, about 15 miles from Downtown, industry sources speculate. But no lease has been signed and none of the parties is talking.

By Judith Schonbak | Updated on October 06, 2000

ATLANTA-Cingular Wireless, the second largest wireless carrier in the nation, plans to lease about 300,000 sf for at least 10 years in the 20-story, 414,200-sf Glenridge Highlands Two office tower nearing completion about15 miles from Downtown, industry sources speculate. No lease has been signed and none of the parties is talking, however.

Cingular Wireless is the newly-formed joint venture between the wireless divisions of BellSouth and Texas-based SBC Communications. BellSouth is headquartered in Midtown.

Rental rates in the building and its sister structure, the 300,000-sf Glenridge Highlands One, range between $24.75 per sf and $30 per sf. The Cingular Wireless lease could be valued at $75 million, based on a 10-year lease.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.