{"id":1004200465,"date":"2017-12-13T11:33:52","date_gmt":"2017-12-13T19:33:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004200465"},"modified":"2022-12-08T23:55:45","modified_gmt":"2022-12-09T07:55:45","slug":"cbre-to-lease-new-atlanta-office-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-to-lease-new-atlanta-office-development\/","title":{"rendered":"CBRE To Lease New Atlanta Office Development"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004200466\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004200466\" data-attachment-id=\"1004200466\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-to-lease-new-atlanta-office-development\/rendering-of-phipps-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg\" data-orig-size=\"1068,801\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Rendering of Phipps Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of Phipps Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg?w=1024\" class=\"wp-image-1004200466 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg\" alt=\"Rendering of Phipps Plaza\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Rendering-of-Phipps-Plaza.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004200466\" class=\"wp-caption-text\">Rendering of Phipps Plaza<\/p><\/div>\n<p>Simon Property Group has retained CBRE as the exclusive leasing agent for a planned Class A office tower to be built as part of Phipps Plaza\u2019s redevelopment in Atlanta\u2019s Buckhead submarket. The 12-story building is\u00a0slated for completion by 2020.<\/p>\n<p>Simon plans to transform the luxury mall into a mixed-use development that will encompass approximately 300,000 square feet of Class A office space, a three-story lower level parking garage, a flagship Nobu restaurant, a five-star hotel by Nobu Hospitality and a 90,000-square-foot Life Time athletic facility.<\/p>\n<p><em>\u201cThe Phipps Plaza redevelopment comes at a time when not many large blocks of office space are available in Buckhead,\u201d<\/em> said Patrick Peterman, vice president of development and asset intensification at Simon, in prepared remarks.<\/p>\n<h2>Construction to\u00a0start in 2018<\/h2>\n<p>Construction on Phipps Plaza is scheduled to commence in 2018, while the opening will take place in phases. The new elements will be integrated into the existing structure, which will continue to be anchored by Nordstrom and Saks Fifth Avenue. Simon has already added hospitality and residential components to the complex. The AC Hotel Atlanta Buckhead at Phipps Plaza features 166 guest rooms and suites, while The Domain at Phipps Plaza consists of 319 luxury residences.<\/p>\n<p>The CBRE team of Senior Vice Presidents Jeff Keppen and Chris Port, alongside Associate Nicole Goldsmith will spearhead marketing efforts on behalf of the owner. Earlier this year, CBRE negotiated\u00a0two new leases at The Towers at Wildwood in the <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-adds-tenants-to-atlanta-office-center\/\">Northwest submarket of Atlanta<\/a>.<\/p>\n<p><em>\u201cThis asset will undoubtedly be sought after, given its superior location, incredible access and unmatched on-site amenities,\u201d<\/em> Keppen added, in prepared remarks.<\/p>\n<p><em>Rendering courtesy of Simon Property Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 12-story office tower, which is slated for completion by 2020, will be a part of Simon Property Group\u2019s redevelopment of Phipps Plaza.<\/p>\n","protected":false},"author":240,"featured_media":1004200466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21784,21782,21742,21747],"tags":[32789,38594,33301],"class_list":["post-1004200465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-development","category-latest","category-office","tag-cbre","tag-nobu-hospitality-llc","tag-simon-property-group-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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