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Lender Expands Piedmont Center Lease

ATLANTA-Generation Mortgage will add 60% more space, totaling 48,000 square feet.

By Carl Cronan | Updated on January 27, 2010

ATLANTA-Generation Mortgage has expanded its corporate headquarters at Piedmont Center North by 60% after signing a new lease for 48,257 square feet. Locally based Cousins Properties Inc. made the deal on behalf of Northwestern Mutual, which owns the four-building midrise office complex at 3565 Piedmont Road NE, in the Buckhead submarket.

“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.

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