“Best in market” repositioning of premier Central Perimeter office building drives leasing momentum with five new tenants signed since November 2016
Columbia Property Trust, Inc. (NYSE:CXP) today announced that it has completed more than 92,000 square feet of leasing since November 2016 at One Glenlake Parkway, a 351,000-square-foot Class-A office building in Atlanta’s Central Perimeter submarket, to bring the building to 94% leased. Five new tenants are moving in with leases ranging from 3,000 square feet to more than 66,000 square feet.
This surge in leasing momentum was driven by the completion of a $3 million reimagining and modernization of One Glenlake, which is located just off Highway 400 adjacent to Newell Brands, Inc. and the new U.S. headquarters for Mercedes Benz. Built in 2003, the 14-story One Glenlake is now equipped with renovated common areas and high-end finishes, as well as a best-in-class package of tenant amenities.
Columbia partnered with design firm Indigo Collective and architecture and design firm Gensler to enhance the look and feel of the building and activate the ground level for use by tenants and their guests. With a vision to create meaningful spaces where employees can work outside their traditional offices, Columbia installed a communal table in the lobby and comfortable shaded outdoor seating options. Further blurring the lines between work and life, the enhanced lobby features floor-to-ceiling windows with abundant natural light, mid-century modern furniture, and locally curated art work, all of which provides the inviting feeling of a well-designed living room.
Columbia also invested in extensive upgrades to the building’s amenities, highlighted by a freshly designed café, Salt + Block, managed by Sterling Spoon, as well as a state-of-the-art conference center with catering kitchen and a well-appointed fitness center. This successful repositioning, paired with a desirable location and a comprehensive new marketing approach, is attracting strong interest in the remaining available space at One Glenlake and driving interest in Three Glenlake as well.
“Our repositioning of One Glenlake has raised the bar in the Central Perimeter area,” said Nelson Mills, president and CEO at Columbia Property Trust. “Working with Indigo Collective and Gensler, we’ve been able to create an innovative, best-in-market experience that has accelerated momentum and enabled us to reach our leasing goals for this building within only a few months of the project’s completion.”
For more information, including photos and availability, please visit http://www.oneglenlake.com.
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings primarily in high-barrier-to-entry, primary markets. Our portfolio includes 16 operating properties containing eight million square feet, concentrated in New York, San Francisco, and Washington, D.C. Columbia carries an investment-grade rating from both Moody’s and Standard & Poor’s. For more information, please visitwww.columbia.reit.
