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Siebel Systems Signs 195,000-SF Lease at One Glenlake

ATLANTA-In one of the largest office deals this year, the San Mateo, CA-based business software systems provider is taking 55% of Pope & Land Enterprises' 14-story, 353,000-sf, $61 million office tower expected to break ground Nov. 5 at GA 400 and Abernathy Road in the central perimeter submarket.

By Alex Finkelstein | Updated on November 02, 2001

ATLANTA-Life is good for Pope & Land Enterprises these days as the locally based developer completes a 195,000-sf lease with Siebel Systems Inc. of San Mateo, CA at the first of three planned office towers at One Glenlake in the central perimeter submarket.

The transaction is one of the largest office deals this year.

Siebel calls itself the world’s leading provider of eBusiness application software. The eight-year-old firm has 8,000 employees in 136 offices in 34 countries. The company posted a profit last year of $221 million on sales of $1.79 billion, a one-year sales growth of 127%, according to the company’s Web site.

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