The property's owners of AtlantaXchange, renamed in 2000, are making the move at the 180 Peachtree St. NE site after two telecommunication tenants separately filed for Chapter 11 protection under the U.S. Bankruptcy Code. They are Colo.com of Denver and Teleglobe of Reston, VA. Downtown office brokers intimate with the submarket tell GlobeSt.com Colo.com had leased 55,285 sf; Teleglobe, about 30,000 sf.

The anchor tenant in the 69%-leased building is Level 3 Communications Inc. of Broomfield, CO with 203,377 sf. Area brokers tell GlobeSt.com on condition of anonymity Level 3 will be subleasing the space vacated by Colo.com and Teleglobe.

"Although metro Atlanta's vacancy level is growing, the owners aren't expected to have much trouble bringing occupancy up shortly to about 80%, or even 90%," a broker not associated with the property tells GlobeSt.com.