Atlanta, August 17,
2015 – CBRE Group, Inc., announced today
that the firm will spearhead leasing efforts for Rosemont Realty’s 3585
Engineering Drive building in Peachtree Corners, a submarket of Atlanta, to
backfill a 100,000 square foot vacancy. CBRE’s Heather Lamb and Peter McGuone
will lead the leasing effort.
The building’s lone tenant will vacate the 3585 Engineering Drive building
later this month, creating an attractive
opportunity for a new tenant looking to control an entire building. This vacancy
is the largest Class A contiguous block available in Peachtree Corners. Currently
undergoing renovations, the building offers strong ownership, lake views,
outdoor spaces and nearby quality amenities.
The city of Peachtree Corners has put measures in place to attract and
retain top talent, such as partnering with Georgia Tech, creating housing
options for millennials and improving transportation throughout the city. The
area offers the second lowest unemployment rate in Georgia, according to Mayor
Mike Mason. The growth of Peachtree Corners is evident through the continued
increase in building permits and the decrease in office and retail vacancies.
“This CBRE team has completed more than 1.8 million square feet of
transactions in Peachtree Corners,” said Tina Renee McCall, Rosemont Realty’s
senior vice president for asset management in the Eastern region. “With their
market knowledge, business and community connections, and deep understanding of
the culture here, we are confident that Heather and Peter will be able to find
a large tenant for this vacancy.”
“Peachtree Corners has seen a surge in activity recently with several
new deals coming to the market including Comcast and Harlem Globetrotters as
well as new retailers like Sprouts and Earth Fare. We expect to see even more announcements of
new tenants to the area before the end of 2015,” said Lamb.
As part of the assignment for Rosemont Realty, the CBRE leasing team
was also tapped to handle leasing for Corners Parkway, a multi-tenant, 111,730
square foot Class A building located at 6625 The Corners Parkway NW.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and
S&P 500 company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (in terms of 2014
revenue). The Company has more than
52,000 employees (excluding affiliates), and serves real estate owners,
investors and occupiers through more than 370 offices (excluding affiliates)
worldwide. CBRE offers strategic advice and execution for property sales and
leasing; corporate services; property, facilities and project management;
mortgage banking; appraisal and valuation; development services; investment
management; and research and consulting. Please visit our website at www.cbre.com.
Realty, LLC Headquartered
in Santa Fe, New Mexico, Rosemont Realty, LLC, is a market leader in commercial
real estate acquisition and asset management. The company’s portfolio consists
of approximately 16.3 million square feet in more than 130 buildings in 22
states across the U.S. Since October 2010, Rosemont has acquired more than
6.8 million square feet of Class A and B multi-building office assets in select
secondary markets valued at more than $950 million. As of December 2014,
Rosemont has sponsored 165 investment vehicles, deployed over $805 million of
investor equity to make over $2.5 billion in purchases, and acquired/managed
approximately 30 million square feet of commercial real estate. Founded in
1991, Rosemont Realty employs 200 professionals and has nine regional offices
in Albuquerque, Atlanta, Dallas, Denver, Houston, New York, Peoria, San Antonio
and Tulsa. For more information, please visit RosemontRealty.com.