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Gables Residential Moving HQ to Lenox

ATLANTA-The multifamily REIT signs a 10-year lease for a full floor in the Buckhead office building.

By Carl Cronan | Updated on September 25, 2009

ATLANTA-Locally based Gables Residential has signed a 10-year office lease for a full floor at the Lenox Building at 3399 Peachtree Road in the Buckhead submarket. The value of the lease, which totals 21,000 square feet, was not immediately available.

Gables, a privately held multifamily REIT, will relocate from its current headquarters at the Overlook III building in suburban Vinings. It chose to move to Lenox because of its easy access to MARTA and Georgia 400, says Dean Giordano, senior vice president with PM Realty Group in Atlanta, which handles the building’s leasing and marketing.

The Lenox Building has 350,000 square feet of class A space in 20 stories connected to Lenox Square Mall and the JW Marriott hotel. The tower is owned by one of ING Clarion’s separate account pension fund clients.

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