Rubenstein Partners Inks 130 KSF Office Lease in Atlanta – Commercial Property Executive

MARTA’s Capital Applications, Growth and Innovation Group has signed a 130,000-square-foot workplace lease at Uptown Atlanta, the 1.1 million-square-foot mixed-use vacation spot owned by Rubenstein Companions. MARTA’s division will relocate from 2400 Piedmont Highway to occupy 4 full flooring inside Uptown’s East Tower, intending to maneuver as much as 540 staff to the brand new location. 

As soon as established at its new headquarters, CPEI Group will deal with Clifton Hall Transit Initiative, a mission that may present a connection between Uptown and different main employment and healthcare hubs within the space. 

In one other current leasing deal, Rubenstein signed Mindspace as a tenant at a 511,161-square-foot workplace constructing in New York Metropolis. The worldwide boutique flex workplace house supplier entered right into a 10-year settlement for greater than 37,000 sq. ft.

A serious transit-oriented property

Accomplished in 2002, Uptown Atlanta encompasses 1 million sq. ft of workplace house throughout two 14-story buildings, along with 100,000 sq. ft of floor retail and inexperienced house. The property is anchored by the Lindbergh Middle MARTA Station and residential to MARTA Headquarters.

Rubenstein acquired the asset in 2019 for $160 million, CommercialEdge exhibits, and is presently endeavor a property redevelopment course of that’s slated for completion this fall. The revamp included the entire transformation of the workplace atrium, a 35,000-square-foot house that options common-area facilities and gathering areas.  

Located at 500 Lindbergh Drive NE on a 3-acre lot, Uptown Atlanta is on the intersection of Buckead and Midtown, some 6 miles from downtown Atlanta. The transit-oriented property is related to town’s main pedestrian trails, such because the forthcoming PATH400, Atlanta BeltLine and the South Fork Path.