The three-year-old North Fulton County building had sat empty for two years while E*Trade, an online brokerage, tried unsuccessfully to sublease the space. E*Trade had seven years left on its lease and was paying rent to Holder, even though it didn't occupy the space. North Fulton office vacancy rates are in the 30% range.

"All parties to this transaction were winners," CB Richard Ellis Inc. senior vice president Rob Metcalf tells GlobeSt.com. "GE secured an ideal solution for an attractive price. Holder Properties secured a great credit long-term tenant. And E*Trade was relieved of a long-term financial obligation."

The value of GE Consumer's lease wasn't disclosed. But area brokers familiar with the North Fulton County submarket tell GlobeSt.com the estimated aggregate value of the deal is $34.5 million, based on average effective rent of $17 per sf. Average asking class A rent in the North Fulton submarket is $18 per sf. The value of GE's lease buyout from E*Trade was also undisclosed.