LeaseQuery has signed a 52,888-square-foot, full-floor lease
“We are thrilled to partner with Three Ravinia and Preferred Office Properties,” said George Azih, CEO and Founderat LeaseQuery. “They immediately understood what we needed to accomplish with our workspaceand worked diligently with us to match our vision and objectives to reality. It's been an absolute pleasure to work with them to strategically and tactically achieve what we needed.”
Through its best-in-class software solutions, public companies, privately held businesses, and government entities rely on LeaseQuery to take the worry and work out of the complex web of accounting rules and compliance requirements.
The new location at Three Ravinia marks the company’s third expansion in two years. The Super Floorallows LeaseQuery to have all its employees on one level and provides modern collaborative space, as well as a private 5,000-square-foot rooftop deck. LeaseQuery will enjoy access to all of Three Ravinia’s top-of-the-line amenities including the new full-service café, state-of-the-art fitness center and building conference center.
“LeaseQuery is a great homegrown story and we are happy to play a role in facilitating their growth,” said Boone DuPree, President of Preferred Office Properties. “Three Ravinia offers a high profile environment in a central location with amenities and room to grow. We look forward to watching LeaseQuery’s continued success as their real estate partner.”
Andy Sumlin and Kyle Kenyon of Cushman & Wakefield represented the landlord, Preferred Office Properties, in the lease negotiations. Michael Tucker, Scott O’Halloran and Robert Patton of Scotland Wright Associates represented the tenant.
“Working with a fast-growing client, such as LeaseQuery, is always a challenge because dynamics can change so quickly, however, the team at Preferred Office Properties and Cushman & Wakefield were tremendous to work with on this deal,” said Michael Tucker, Managing Partner at Scotland Wright Associates. “We went from LOI to signed lease in less than 20 days and they responded quickly and with creativity to the growth and branding requirements of LeaseQuery. The deal is a true win-win for both parties."
Preferred Office Properties has invested $14 million inThree Ravinia to enhance amenities to attract today’s high growth technology-based tenants. In addition to the new café and upgraded fitness center, Preferred Office Properties also upgraded all elevator banks and added a new 455-space parking deck. The enhanced lobby is home to a 48-foot by 48-foot “Living Wall” comprising more than 15,100 plants, the largest of its kind in the Southeast.
“Preferred Office Properties has done a phenomenal job upgrading Three Ravinia to attract top tech companies like LeaseQuery,” said Kyle Kenyon,Director at Cushman & Wakefield. “This deal is also a testament to the growing desirability of the Central Perimeter submarket.”
About LeaseQuery
LeaseQuery helps accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. By providing specialized consulting services in addition to its software solution, LeaseQuery enables companies across all sectors to ensure compliance with the most comprehensive regulatory reform in 40 years. It is the first lease accounting software built by accountants for accountants. For more information about LeaseQuery, visit LeaseQuery.com or call 1-800-880-7270.
About Preferred Office Properties
Preferred Office Properties, LLC is a subsidiary of Preferred Apartment Communities Inc., formed in 2016 to invest in Class A office properties across the U.S. Preferred Office Properties, LLC sources portfolio assets through acquisitions of operating properties, development, and structured financing. Learn more at www.prefoffice.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWake on Twitter.
About Scotland Wright Associates
Founded in 2002, Scotland Wright Associates (SWA) became one of the first exclusive tenant rep firms in Atlanta. Since then, we’ve grown to represent corporate tenants across the U.S. as our clients’ needs expand. Our team members are based in Atlanta and passionate about helping companies build real estate strategies that keep up with their growth. At SWA, our independence allows us to partner with the best in the business to design, build, and manage the logistics of a move in.
