CMD Signs Est. $3.5M in New Leases

ATLANTA-CMD Realty Investors, a Chicago-based owner/operator of 10 million sf of office and industrial product, has brought its 19-year-old, 233,323-sf RiverEdge Place here to 45% occupancy with the signing of seven leases for a total 33,319 st.

The estimated aggregate value of the office leases, based on an average 5.28-year term, is $3.51 million, according to average asking rent range and lease-length numbers supplied by CMD. The company also moved its regional offices to the class A RiverEdge Place from the 100%-leased nearby 2100 Riveredge Building.

“The increase in leasing momentum is due, in part, to CMD’s recent renovation of the lobby and other common areas,” says Allen D. Aldridge, vice president and regional manager of CMD’s Southeast region. “These improvements helped lift the building’s interior look to match its class A location, which combines great highway access with tremendous views of the Chattahoochee River.”