Cushman & Wakefield has arranged a 39,439-square-foot lease with Slalom LLC at 725 Ponce, located in the Old Fourth Ward adjacent to the Atlanta BeltLine, bringing the premier property to 100% leased. The lease encompasses the entire fifth floor of the 12-story, 370,000-square-foot office building. Aileen Almassy represented the landlord, New City and JPMorgan, in the lease transaction, and Kirk Adams and Daniel Levine of Newmark Knight Frank represented the tenant.
“The Atlanta office of Cushman & Wakefield and specifically Aileen Almassy have done exceptional work with the lease-up process at 725 Ponce,” said Jim Irwin, President of New City.“It’s a joy to work with such a talented team. We’re also thrilled that Slalom has agreed to fill the final space in the building.It’s a phenomenal group of people and we are grateful they have chosen 725 Ponce for their Atlanta office.”
The final lease comes on the heels of the building’s official opening, which took place in early December. Previously announced tenants include BlackRock, PagerDuty, Chick-fil-A,McKinsey & Co. and more. Kroger re-opened its 60,000-square-foot store at the base of the building in mid-October.
“The quick lease-up of 725 Ponce proves how strong demand is for unique and distinctive workplaces which will allow firms to attract and retain the best talent,” Almassy said. “Tenant demand has spanned a variety of industries and services, including everything from corporate clients to tech hubs, bringing hundreds of new jobs to Atlanta.”
725 Ponce is part of Eastside Atlanta’s vibrant history. Adjacent to the Ford Motor Company Assembly Plant, built in the early 1900s, this propertyhas been in the National Register of Historic Places since 1984.
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.
