New York Life Real Estate Investors and WiredScore, the pioneer behind Wired Certification, the international standard for cutting-edge internet connectivity in office buildings, today announced Prominence in Buckhead as having achieved a Wired Certified Platinum designation.
The 433,000-square-foot Class A, office tower located at 3475 Piedmont Road NE in the heart of Buckhead joins the more than 2,000 Wired Certified buildings worldwide that offer top-notch tech capabilities. The 18-story building was acquired in December of 2018 by NYLREI on behalf of an institutional client.Since then upgrades have been planned at the property, including a full contemporary lobby renovation. Aileen Almassy and Andy Sumlin of Cushman & Wakefield are the leasing agents for the building.
Platinum Wired Certification represents the best-in-class standard of in-building connectivity, infrastructure, and readiness around the world. The designation is assigned upon review of the building’s technological infrastructure and readiness to adapt to emerging technologies. The Empire State Building, Willis Tower in Chicago, and the Shard in London are some of the other world-class properties that have achieved this recognition.
“Prominence in Buckhead stands outin the greater Atlanta office market and clearly demonstrates a commitment to enabling tenant productivity in its adherence to best-in-class connectivity standards,” said WiredScore CEO & Founder, Arie Barendrecht.
In pursuing Wired Certification, the property underwent a comprehensive certification process that evaluated the aspects of digital infrastructure that enable a seamless connectivity experience in which office tenants are able to stay online and maintain productivity levels.
Upon review of the project’s technical elements including internet service providers available to tenants, infrastructure redundancy, connection access points, and readiness to meet future tenant needs, a Wired Certification level is assigned based on the official standards developed by WiredScore and its connectivity advisory board with representatives from Google Fiber, Rudin Management, Arup, WSP / Parsons Brinckerhoff, and Zayo Group.
On-site amenities include a newly renovated fitness center, conference facility, chef-driven café, and abundant covered parking (2.5 spaces per 1,000 sf) provided by direct, covered access to the adjoining seven-level parking deck. Additionally, the building offers walkability to the Buckhead MARTA station and unparalleled access to Georgia 400, as well as a variety of amenities within a one-mile radius to more than 50 restaurants, 10 hotels, gas stations and grocery stores. The Energy Star building offers efficient 24,000-square-foot floorplates.
About New York Life Real Estate Investors
New York Life Real Estate Investors is a division of NYL Investors LLC, a wholly-owned subsidiary of New York Life Insurance Company. For more information please visit: http://www.newyorklife.com/realestateinvestors.
New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans and commercial mortgage backed securities. With over $55.7 billion in assets under management as of September 30, 2019, (1) New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S.
(1) Real Estate Investors AUM of $55.7B is gross and includes AUA ($1.4B) as of 9/30/19. Net AUM for Real Estate Investors is $54.3B as of 9/30/19.
About WiredScore
WiredScore is the organization behind Wired Certification, the internationally recognized digital connectivity rating system for commercial real estate that helps landlords design and promote their buildings' great digital connectivity to tenants.
Wired Certification champions cutting-edge technology in commercial real estate by providing the only certification for rating the infrastructure, connectivity and technological capacity of commercial buildings. WiredScore launched Wired Certification in 2013 in partnership with Mayor Bloomberg and the City of New York; in October of 2017, an investment group led by Bessemer Venture Partners and Fifth Wall Ventures acquired the company’s majority share.
Since launch, more than 500MM square feet of commercial real estate in more than 2,000 buildings has been Wired Certified globally. International demand for the digital connectivity rating system has seen the company expand operations to the United Kingdom, France, Germany, Canada, Australia, and the Netherlands.
In an increasingly tech-driven economy, connectivity is fast becoming the most critical factor for tenants when selecting office space. The widely recognized Wired Certification seal is a trusted symbol that identifies buildings that have been independently certified to provide the best-in-class connectivity infrastructure that businesses require to thrive. For more information on Wired Certification or to find Wired Certified buildings, visit: http://wiredscore.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.com or follow @CushWake on Twitter.
