3630 Peachtree


Rising 17 stories above Peachtree Road next door to Phipps Plaza this award-winning vertical mixed-use tower contains 127 Ritz Carlton residence above the 425,000 square foot office component and features the fine dining Tomo Japanese restaurant on the ground floor along with the F& B restaurant. The opportunity to capture both the millennial workforce of international media giant JWT and also provide a workplace for an accounting firm and investment banking firm in other words both flip foot wear and Gucci loafers need to coexist in the same workplace. The building had a stalled at 84% occupancy. The vacant space was heavily encumbered by existing tenant expansion lease rights. The priority was to clean up, remove these encumbrances.  A clear majority of the leases expired within the same 24-month period so blending and extending term was a second priority. Complicating matters was the fact most of the remaining vacant space was the least attractive to lease.


Atlanta,  GA



Once these impediments were resolved rents were increased to become the first building to achieve $40 gross rents. Occupancy over a 30-month period exceeded 95%