Equity Office Signs Estimated $4M in New Leases

ATLANTA-In a Central Perimeter submarket where the overall class A office vacancies are at 29.5%, Chicago-based Equity Office Properties Trust is seeing a surge in leasing activity at two of its local properties, Sterling Pointe I and II.

Two new leases have brought the combined occupancy level at the 362,000 campus to 66%. Sterling Pointe I at 301 Perimeter Center North is 50% leased. Sterling Pointe II at 303 Perimeter Center North is 82% leased. Each building has 181,000 sf of rentable space at an estimated effective rate of $18 per sf, area brokers intimate with the Perimeter submarket tell GlobeSt.com.

Taking new quarters at the Sterling Point complex are Coastal Administrative Services LLC of Washington, DC with 24,913 sf at Sterling Pointe II. InView, a locally based vision correction surgery firm, is leasing 17,533 sf at Sterling Pointe I.