ATLANTA-Wireless infrastructure solutions firm Nsoro MasTec LLC has signed a 24,728-square-foot lease at Overlook III, a class A office building located at 2859 Paces Ferry Road SE in suburban Vinings. The value of the eight-year agreement signed with owner Parmenter Realty Partners was not disclosed. Average class A rental rates in the Northwest submarket, where the property is located, are $24.60 per square foot, according to Cushman & Wakefield.

“The space will serve as Nsoro’s international headquarters,” says Joe Grace, associate director at CresaPartners, which represented the tenant in the transaction. Nsoro specializes in supplying, designing and managing wireless infrastructure for commercial and governmental entities, including building cell phone towers for wireless network carriers.

“The firm has experienced a tremendous amount of growth, particularly over the past 24 months, and is on the verge of starting new contracts that will create job opportunities and further expansion,” Grace tells GlobeSt.com. Nsoro posted almost $200 million in revenue last year, according to a release.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.