The lease brings the occupancy of the 987,000-sf structure to 98%. Rental rates in the market range from $20 per sf to $23 per sf. Cousins Properties Inc. owns the building, which was built by John Portman's firm.
Nexus networks bring voice and data together, allowing communications carriers to interconnect with multiple bandwidth providers and exchange local and long-distance traffic.
"Atlanta is a strategic market for fiber-optic networks," LayerOne CEO Alexander Muse says in a prepared statement. "It ranks as one of the top five in the country in terms of providers and the amount of fiber in the ground."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
