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SunTrust Signs Huge Lease at Peachtree Center

ATLANTA-The bank takes 253,000 square feet in Marquis II for its information services division.

By Carl Cronan | Updated on May 04, 2009

ATLANTA-Locally based SunTrust Banks Inc. has signed on to lease 252,822 square feet in the Marquis II office building at Peachtree Center, a mixed-use development owned by Miami-based America’s Capital Partners. The new space will house the bank’s Enterprise Information Services division, now located in a nearby building.

SunTrust’s current lease at 250 Piedmont Ave. expires at the end of next year, while the new lease commences in January 2011. The transaction brings the 451,000-square-foot Marquis II tower to more than 96% leased.

“After considering various locations, the Marquis II building offered the best fit for our changing business needs while allowing us to maintain a close proximity to our corporate headquarters at SunTrust Plaza,” says Doug Sinclair, SunTrust’s senior vice president of corporate real estate. Brokers involved in the deal noted that SunTrust were committed to keeping its information services center within Downtown Atlanta.

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