Highwoods Set to Welcome Tenant at Atlanta Tower
A security company plans to relocate its headquarters to the Buckhead building.
Argenbright Group plans to relocate its headquarters to Highwoods Properties’ One Alliance Center in Atlanta, according to Bisnow. The security services company has signed a lease for 23,000 square feet at the 555,243-square-foot office mid-rise. NAI Brannen Goddard Managing Director Jim Devaney is representing the tenant.
Argenbright’s corporate offices are currently at Salesforce Tower, a 34-story office property across from Lenox Square Mall. The firm occupies 15,000 square feet there, the same source shows.
Class A office tower in Atlanta
One Alliance is a 20-story office building at 3500 Lenox Road NE, within the Buckhead submarket. Highwoods acquired it out of foreclosure for $140 million in 2013, due to Tishman Speyer’s default on a $165 million CMBS loan backing the property.
The acquisition brought together the Alliance Center towers under the same ownership. Highwoods had purchased Two Alliance Center for $146.7 million in 2012.
READ ALSO: Atlanta Office Sector Stays on Track
Completed in 2000, One Alliance features 27,913-square-foot floorplates and 16 passenger elevators. On-site amenities include a conference center, a fitness center, a restaurant, car wash and dry-cleaning services, covered parking and EV charging stations. Atlantic Residential, Greenwood Star, MetLife, Lee & Associates and Regus are among the building’s tenants, according to Yardi Matrix information.
The office tower is close to Buckhead MARTA station and State Route 400, allowing interconnectivity through the entire metro area, as well as to Sandy Springs, Ga., and Alpharetta, Ga. Midtown Atlanta is 7 miles away, while the city’s international airport is 18 miles away.
Atlanta sees office vacancy improve
Atlanta’s office fundamentals held steady year-to-date as of May, according to a recent Yardi Matrix report. The metro’s vacancy rate continued to decline at 18.2 percent as of May 2026—still above the national rate of 17.6 percent but down 170 basis points year-over-year. Among similar markets, Nashville (-210 basis points) and Tampa (-180 basis points) recorded more notable improvements.
The listing rates averaged $36.64 per square foot in May, surpassing the $33.61 per square foot national rate and placing the metro on the 10th spot nationwide. The figure grew 4.7 percent over the year.
One of the market’s future corporate office moves involves Ten Twenty Spring, a 25-story tower owned by Portman and Perform Properties in Midtown. Pinnacle Financial Partners leased 165,000 square feet at the property and will relocate its corporate headquarters there starting 2027. The deal was one of the largest leasing agreements in Atlanta this year as of June.
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