Thursday, December 13, 2007

JLL Lands 620,000-SF Listing of 100 Peachtree

Equastone retained Jones Lang LaSalle to lease and manage one of its latest commercial acquisitions, the Equitable Building, a 620,000-square-foot, 33-story, Class A office building in downtown Atlanta. The property is at 100 Peachtree St. in the heart of Atlanta's central business district.

Equastone purchased the property in May of this year from Lincoln Property Group for nearly $57 million. Built in 1969, the Skidmore, Owings & Merrill LLP designed building was one of Atlanta's first true skyscrapers.

Audrey Windsor, senior leasing director, and Brooke Dewey, leasing associate, of Jones Lang LaSalle will direct leasing efforts. Stacia Wilkaitis of Jones Lang LaSalle is leading management efforts.

Windsor said in a statement that it is offering the opportunity to rename the building and gain prominent signage visibility along Atlanta's skyline to potential new anchor tenants. Currently about 55% leased, major tenants include Accenture, Federal Defender Program and Stevens & Wilkinson. Jones Lang LaSalle is currently marketing available office space in the building at $17.50 to $19.50 per square foot.

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source: costar.com

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