"This expansion is critical to support the infrastructure for our expected growth in 2010," Scott Peters, Generation president and CEO, stated in a release. Terms of the new lease were not disclosed, though asking rents at Piedmont Center North, which opened in the late 1970s, are currently listed from $17 to $19 per square foot, full service gross.
Cousins notes that the latest lease extends an exceptional stretch of leasing activity at Piedmont Center North, which totals 831,659 square feet on 52 acres in the Buckhead submarket. The company claims 28 deals totaling more than 180,000 square feet over the past year.
Sam Holmes of CB Richard Ellis and Gerald Lambert of Lambert & Associates represented Generation in the transaction. Chuck Francis and Jeff Dils of Cousins represented the landlord.
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