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Regent Takes Partner for 3344 Peachtree

ATLANTA-In addition to joining with the developer on management and leasing duties, Jones Lang LaSalle is moving its national retail headquarters and regional office to 40,000 sf in the mixed-use tower.

By Melissa Kress | Updated on November 10, 2006

ATLANTA-Still more than a year and a half from completion, Regent Partners has taken on a partner to venture on the leasing and management of 3344 Peachtree St., its 635-foot mixed-use tower in Buckhead. Jones Lang LaSalle comes on board as that partner, and also takes 40,000 sf in the 50-story asset for its national retail headquarters and regional offices.

Regent Partners broke ground on the 500,000-sf property in April and is eyeing a 2008 delivery date. The property will feature class A office, retail space and condominiums. The price tag at groundbreaking was an estimated $300 million, as GlobeSt.com previously reported.

The long-term lease brings 3344 Peachtree to 32% preleased, with 150,000 sf of leasing activity to date. Jones Lang LaSalle will relocate its Atlanta operations and 210 employees from its current Monarch Centre location to the property in April 2008, according to a joint release. JLL’s move includes the relocation its transaction business including agency leasing and tenant representation, property and facility management, and the firm’s regional project and development services and strategic consulting groups, as well as LaSalle Investment Management services. The company’s Atlanta office also serves as the national headquarters for Jones Lang LaSalle Retail.

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