Hanover Insurance Takes 35,000 SF

ATLANTA-Hanover Insurance Group Inc. has signed a 35,642-square-foot lease at AEW Capital Management’s 400 Northpark building at 1000 Abernathy Road. The seven-year deal is valued at approximately $5 million, according to Steve Morgan, senior vice president with Grubb & Ellis Co., which handled the transaction on behalf of the tenant.

Worcester, MA-based Hanover will relocate its regional office to the building from a location that it held within the Embassy Row Business Park right next door, says Morgan. The insurance group was attracted to the space because of its amenities, including two conference rooms, two restaurants, a coffee shop and car wash, all located within the three-building, 1.5 million-square-foot Northpark complex. The tenant’s new location also features a MARTA station adjacent to the building. “Because of market conditions the tenant was able to upgrade to a class A facility with more amenities and a higher quality at a very small premium,” says Morgan.