The Proscenium foyer. Picture courtesy of JLL
Manulife Funding Administration has appointed JLL as leasing agent for The Proscenium, a 521,000-square-foot, Class A workplace tower in Atlanta. The agency’s Govt Vice President David Horne and Managing Director Jeff Taylor will deal with advertising and leasing procedures on behalf of the owner.
Accomplished in 2000, the constructing rises 24 tales in Midtown and options 25,000-square-foot floorplates. The property additionally encompasses a 10-level parking storage with EV charging stations and a capability of two areas per 1,000 rentable sq. toes. Present tenants embody BakerHostetler, American Administration Affiliation and Columbia Property Belief, CommercialEdge knowledge reveals.
Facilities on the constructing comprise a health middle, multi-room convention amenities, a sundry store, a refreshments bar and an outside gathering area, in addition to a barbershop. Beginning in early 2024, the owner plans to implement a number of capital enhancements to improve exteriors, the foyer and amenity areas.
Situated at 1170 Peachtree St. NE, the constructing is adjoining to the Colony Sq. shopping center and the Atlanta Botanical Backyard. Additionally it is near Interstate 85 and a few 3 miles north of downtown Atlanta.
The whole sq. footage of recent leasing offers in Atlanta that closed in 2023’s first quarter surpassed the one previous it, in accordance with JLL, as constrained provide continues to propel the flight-to-quality pattern. Emptiness charges have continued to enhance within the metro, reaching 19.7 % as of April, in accordance with CommercialEdge analysis.
