{"id":1004740634,"date":"2024-12-16T02:42:02","date_gmt":"2024-12-16T10:42:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740634"},"modified":"2024-12-16T02:48:09","modified_gmt":"2024-12-16T10:48:09","slug":"bank-leases-87-ksf-at-atlanta-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bank-leases-87-ksf-at-atlanta-office-tower\/","title":{"rendered":"Bank Leases 87 KSF at Atlanta Office Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004740636\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prominence-tower-in-atlanta-ga-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg\" data-orig-size=\"1873,1406\" 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=\"Prominence Tower in Atlanta, GA.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg\" alt=\"Exterior shot of Prominence Tower, an 18-story office building in Atlanta. \" class=\"wp-image-1004740636\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg 1873w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Prominence-Tower-in-Atlanta-GA-edited.jpg?resize=1536,1153 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Prominence Tower is a LEED Gold-certified property rising 19 stories. <em>Image courtesy of Partners Real Estate<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>SouthState Bank has signed a long-term, 87,000-square-foot lease at Prominence Tower in Atlanta. New York Life Real Estate Investors owns the 433,000-square-foot office building. <\/p>\n\n\n\n<p>Part of the deal involves SouthState Bank receiving top-of-building naming rights, as the company is now the largest tenant at the property.<\/p>\n\n\n\n<p>Partners Real Estate&#8217;s Aileen Almassy and Andy Sumlin represented the owner, while JLL&#8217;s Josh Hirsh and Patrick Baughman worked on behalf of the tenant.<\/p>\n\n\n\n<p>The Atlanta office market had a 17.8 percent vacancy rate in October, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/coworking-spaces-evolve-for-post-pandemic-needs-commercialedge\/\">CommercialEdge report<\/a>. While 160 basis points lower than the national rate, the index was up by 80 basis points over the year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-leed-gold-certified-office-tower\">LEED Gold-certified office tower<\/h2>\n\n\n\n<p>NYL Real Estate Investors acquired Prominence Tower in December 2018 from Crocker Partners\u2014now CP Group\u2014for $166 million, according to CommercialEdge data. A five-year, $86.6 million loan originated by Equitable financed the transaction.<\/p>\n\n\n\n<p>Located at 3475 Piedmont Road NE in the Buckhead district, the Class A property rising 19 stories has average floorplates of 24,000 square feet. During the pandemic, the ownership invested $8 million in renovations and, in 2020, Prominence Tower received the LEED Gold and Wired Platinum certifications.<\/p>\n\n\n\n<p>Property amenities currently feature a conference facility, lobby coffee bar, fitness center and bike storage room, as well as a seven-level parking garage attached to the main building. The tenant roster includes GE Digital, Jones &amp; Kolb, Waypoint Residential, Prophet and NetRoadshow Inc.<\/p>\n\n\n\n<p>The office building is some 9 miles from downtown Atlanta, within walking distance of many restaurants, shops and hotels. Buckhead MARTA station is less than 1 mile away; Georgia State Routes 141 and 400 are also nearby.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is now the property&#8217;s largest tenant.<\/p>\n","protected":false},"author":3619,"featured_media":1004740636,"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":[32779,33542,52018,51931,35063],"class_list":["post-1004740634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-latest","category-office","category-southeast","tag-leed","tag-new-york-life-real-estate-investors","tag-partners-real-estate","tag-southstate-bank","tag-wired-certified-platinum-rating"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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