Savills Studley, the leading commercial real estate services firm specializing in tenant representation, has announced three Atlanta-area leases totaling more than 38,000 square feet.
Duff & Phelps
Duff & Phelps, a premier global valuation and corporate finance advisor, has recommitted to 16,550 square feet at 1201 West Peachtree Street, aka One Atlantic Center. Savills Studley’s Executive Vice President and Branch Managers Andy Lechter and Mike Catalano and Assistant Director Tom Kubis represented Duff & Phelps. Tom Oliver represented the building landlord, Hines, in-house.
Lechter noted that Duff & Phelps was able to take advantage of a favorable environment. “It was important to the landlord to keep a stable tenant like Duff & Phelps. We were able to secure favorable rates and terms, allowing the company to reconfigure their space,” Lechter said.
National Credit Union Administration
The independent federal agency that regulates, charters and supervises federal credit unions, the National Credit Union Administration (NCUA), renewed its 12,217 square foot lease at 7000 Central Parkway. The company, which has been in the building since it was built in 1988, was represented by Andy Lechter and Tom Kubis of Savills Studley. “Based on the current market conditions, and NCUA’s desire to remain in the building, we saw an opportunity to negotiate favorable terms,” Lechter said.
The 415,324 square foot Class A building offers easy access to retail and transportation, as well as a beautiful outdoor plaza for tenants. Eric Ross, Clark Gore and Sabrina Gibson of CBRE represented the landlord, Parkway Properties.
Schumacher Group, one of the nation’s largest emergency medicine health care management companies, extended their 10,075 square foot lease at 3100 Cumberland Boulevard, aka Cumberland Center II. Andy Lechter and Tom Kubis represented Schumacher Group in lease negotiations. Lechter credits the building’s proximity to area amenities and its stable ownership with helping to retain the prestigious tenant. Kubis said, “We evaluated the market, but ultimately determined that staying in place would create the most value for Schumacher.” Kubis noted that the landlord offered flexibility and an enticing concession package to support Schumacher Group’s desire to reconfigure its current space.
Jeff Bellamy of JLL represented the building landlord, Crocker Partners.