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Carter to Market Downtown Office Space

ATLANTA-The firm is promoting the 20-story Atlanta Center ahead of SunTrust's relocation.

By Carl Cronan | Updated on September 28, 2009

ATLANTA-Locally based commercial real estate firm Carter has been hired to market the 20-story Atlanta Center office tower for sale or lease. The search for a new owner or tenants will get under way next year when SunTrust Banks Inc. makes its planned move to nearby Peachtree Center.

Atlanta Center, with 362,340 square feet at 250 Piedmont Ave., is owned by Westmont Hospitality Group and is net-leased to SunTrust through 2010. SunTrust signed a 252,822-square-foot lease in May at Peachtree Center’s Marquis II building for its Enterprise Information Services division, with occupancy to begin in 2011.

“Atlanta Center offers the largest block of contiguous space in the Downtown submarket,” says Mike Shelly, senior vice president of Carter’s project leasing team. “Because it is a lower-cost alternative to other Downtown office buildings, Atlanta Center is ideal for a state or local government agency and other cost-conscious tenants.”

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