Brokers: Triarc Pushes for HQ Expansion

ATLANTA-Local office brokers say an expansion of the local headquarters of Triarc Cos. Inc., following its pending acquisition of Wendy’s International Inc., would be a boost to the city’s office market. Triarc currently has a request for proposal seeking 150,000 sf of contiguous space for a consolidated support center with 1,000 employees.

Questions remain about the logistics of such a move, such as where Triarc’s new center would go or whether enough direct or sublease space is now available in the market to accommodate that big an operation. Triarc representatives will only say they are considering their options while working to integrate Wendy’s operations with those of the company’s current chain, Arby’s Restaurant Group.

Triarc has 370 personnel at its offices at 1155 Perimeter Center West, where the company occupies 134,000 sf or at least one third of the 12-story building. Brokers say that building and several others in the Perimeter submarket don’t have enough current vacancy to accommodate Triarc’s proposed consolidation, raising the prospect that it might need to relocate to another part of the Atlanta metropolitan area.