The Atlanta-based gas distribution and energy company will consolidate its area operations and staff of about 550 employees in the new headquarters. The move date is scheduled for first-quarter 2003.
According to published reports, the long-awaited AGL selection was obtained at a bargain $14.75 per sf. Brokers familiar with the property and the tenant tell GlobeSt.com the significant discount is based on AGL's prestige and creditworthiness along with the area's low occupancy rate.
Class A office properties in midtown average between $20 per sf and $21 per sf, although brokers tell GlobeSt.com that discounting is common.
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