{"id":1004674043,"date":"2023-07-31T01:39:20","date_gmt":"2023-07-31T09:39:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004674043"},"modified":"2023-08-01T00:41:44","modified_gmt":"2023-08-01T08:41:44","slug":"morgan-stanley-inks-100-ksf-expansion-at-atlanta-area-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morgan-stanley-inks-100-ksf-expansion-at-atlanta-area-complex\/","title":{"rendered":"Morgan Stanley Inks 100 KSF Expansion at Atlanta-Area Complex"},"content":{"rendered":"<div id=\"attachment_1004674047\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/FINAL-Edison-e1690545830334.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004674047\" data-attachment-id=\"1004674047\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/morgan-stanley-inks-100-ksf-expansion-at-atlanta-area-complex\/final-edison\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/FINAL-Edison-e1690545830334.jpg\" data-orig-size=\"1546,1162\" 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=\"FINAL Edison\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Edison sits on 35 acres in the North Fulton submarket. Image courtesy of Stream Realty Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/FINAL-Edison-e1690545830334.jpg?w=1024\" class=\"wp-image-1004674047 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/FINAL-Edison-e1690545830334.jpg?w=300\" alt=\"The Edison\" width=\"300\" height=\"225\" \/><\/a><p id=\"caption-attachment-1004674047\" class=\"wp-caption-text\">The Edison. <em>Image courtesy of Stream Realty Partners<\/em><\/p><\/div>\n<p><strong>Morgan Stanley<\/strong> has signed a 100,000-square-foot lease extension at The Edison, a two-building office complex in Alpharetta, Ga. The financial services company expanded its original, 116,000-square-foot lease, fully occupying the Class A office campus.<\/p>\n<p><strong>Stream Realty Partners&#8217; <\/strong>team of Managing Directors Peter McGuone and Bryan Heller\u00a0negotiated on behalf of the landlord, <strong>Invesco<\/strong> <strong>Real<\/strong> <strong>Estate<\/strong>, while <strong>JLL <\/strong>represented the tenant. The owner picked up the property in 2020 <a href=\"https:\/\/www.commercialsearch.com\/news\/tpa-group-sells-atlanta-area-office-complex\/\">from seller TPA Group<\/a>, according to CommercialEdge.<\/p>\n<p>Built between 2018 and 2020, the office complex consists of a pair of two-story buildings located at 1 and 3 Edison Drive, and includes two passenger elevators, 27,000-square-foot floorplates and a total of 1,078 vehicle parking spots, according to the same source. The property also features 10,000 square feet of amenity space, on-site caf\u00e9, a clubhouse, a fitness center, a conference center and outdoor meeting spaces.<\/p>\n<p>Situated on an approximately 35 acres in the North Fulton submarket, the campus is close to Georgia State Route 400. The property is 3 miles from downtown Alpharetta, 27 miles from downtown Atlanta, 30 miles from Marietta and within 38 miles of Hartsfield\u2013Jackson Atlanta International Airport.<\/p>\n<h2>Office leasing improves in Atlanta<\/h2>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/calm-waters-for-atlantas-office-market\/\">Atlanta&#8217;s office vacancy<\/a> rate improved in April, a recent CommercialEdge market update shows. The market started the year at 20.0 percent vacancy. The metro showed signs of improvement in March, when it&#8217;s vacancy lowered to 19.8 percent, further decreasing slightly in April, to reached 19.7 percent. That same month, JPMorgan Chase &amp; Co. <a href=\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-to-add-office-space-employees-in-atlanta\/\">expanded its Atlanta footprint<\/a> with a 40,000-square-foot deal at Monarch Tower.<\/p>\n<p>Earlier this year, The Transportation Security Administration signed a 44,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/tsa-takes-44-ksf-in-atlanta\/\">office lease at 1500 Centre<\/a> in Atlanta&#8217;s East Point suburb. The 97,969-square-foot, Class A property is situated within Camp Creek Business Center.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenant will now fully occupy the 216,000-square-foot Class A office campus.<\/p>\n","protected":false},"author":2991,"featured_media":1004674047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21784,21742,21747,32781],"tags":[33882,32796,32774,33358],"class_list":["post-1004674043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-latest","category-office","category-southeast","tag-invesco-real-estate","tag-jll","tag-morgan-stanley","tag-stream-realty-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morgan Stanley Inks 100 KSF Expansion at Atlanta-Area Complex - 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