The 13-year-old building isn't expected to have much trouble filling the void in a tight Midtown market, however. The building's current occupancy is 99.5%. Rents are $25 per sf to $30 per sf.

The law firm of Alston & Bird already has renewed its 10-year, 230,000-sf lease on 10 other floors. InfraStream has moved its corporate offices from Buckhead into 22,000 sf at One Atlantic Center.

Sumitomo Life Realty owns the landmark asset which it bought in 1989.

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
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.