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Atlantic Station Signs Two Office Leases Totaling 230,000 SF

ATLANTA-Area brokers familiar with the Downtown submarket tell GlobeSt.com on condition of anonymity the leases are for an estimated 10 years at quoted rents of $22 per sf with a combined estimated value of $50.6 million, making the deal among the largest to date in metro Atlanta.

By Marita Thomas | Updated on July 17, 2002

ATLANTA-The 17-story, 400,000-sf spec office building at the entrance to Atlantic Station is 50% leased with the signing of locally based law firm Arnall Golden Gregory and SouthTrust Bank.

Arnall Golden will occupy 135,000 sf beginning in October 2004. Birmingham, AL-based SouthTrust’s Atlanta operations will move into 95,000 sf on the building’s first five floors beginning in April 2004.

The building is being developed by New York-based AIG Global Real Estate Investment Corp. for an estimated $80 million. The owner’s representatives wouldn’t disclose lease rates or the length of the individual leases.

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