Troutman Sanders Fishing for 400,000-SF Home

ATLANTA-Troutman Sanders, a 32-year-old, 600-employee Downtown law firm, is in the market to lease about 400,000 sf, either now or when its 15-year lease at the 12-year-old Bank of America Plaza expires in 2007, office brokers in a position to know tell GlobeSt.com.

The law firm occupies about 210,000 sf on 10 floors at the 55-story, 1.3-million-sf Bank of America Plaza tower at 600 Peachtree St. NE., the city’s tallest office structure. But Troutman Sanders is growing quickly and may need about 300,000 sf before 2007, brokers who closely follow the Downtown office market tell GlobeSt.com. The firm also is looking for an additional 100,000 sf for further near-future expansion.

“This is a situation where the law firm’s lease could be bought out before its expiration date by the owner or developer of a new building or even by principals at an existing building,” a Midtown broker who may be involved in future negotiations on the deal tells GlobeSt.com.