The company will occupy a portion of the 18th floor and the entire 19th and 27th floors. The move-in will take place in phases over a 12-month period. The tenant was represented by Michael Warren of Grubb & Ellis. The building owner, Los Angeles-based BentleyForbes, was represented by locally based Ben Carter Properties executive vice presidents Sharon Altenbach and Candice Flig. BentleyForbes was also represented internally in the deal by senior vice president and co-director of asset management Hans Mumper.
"Our decision to renew our lease and continue expanding our presence here was based on many factors, including the tower's signature profile on the Midtown skyline, accessibility for our employees and clients and efficient space available to accommodate our current operations and future needs," says Frazier & Deeter managing partner and co-founder David Deeter.
BentleyForbes president and CEO David Cobb tells GlobeSt.com that this is the first major lease signed to fill the 200,000 sf of space vacated by Ernst & Young in May. With the Frazier & Deeter lease, the building is 83% leased. When BentleyForbes acquired the property in August 2006, it was 99.8% leased. "This is the type of high-profile tenants that are attracted to the building," Cobb says. "We're working on getting others."
Built in 1992, the Bank of America Plaza is a 55-story, 1.25-million class A office tower at the corner of North Avenue and Peachtree Street in the Midtown market. The landmark tower is the tallest in the southeast. Other tenants in the building include Bank of America, Troutman Sanders, Paul Hastings, Boston Consulting and Hunton & Williams.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.