Specific terms of the lease were not disclosed, but average rental rates at the building are $31 per square foot, Bill Weghorst, senior VP/director of leasing agent PM Realty Group, tells GlobeSt.com. The international law firm has had a regional office spreading over four floors at the building for a little over 10 years. "They anticipate continuing to grow, and the BentleyForbes' building can accommodate the firm's current needs and those for the foreseeable future," says Weghorst. Brad Armstrong, Keene Reese and Elizabeth Cooper with Jones Lang LaSalle represented Hunton & Williams in the transaction.
The 1.2-million-square-foot Bank of America Plaza, located at 600 Peachtree St., is currently 85% leased. Cousins Properties Inc. originally developed the 55-story building in 1992.
The class A office tower accommodates mostly regional and national law firms, aside from the 25% of the space taken up by Bank of America, says David Cobb, president and CEO of BentleyForbes. "The Hunton & Williams lease is significant for both the submarket and building itself given the amount of new space coming online," he tells GlobeSt.com.
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