Stream Realty to Lease 438 KSF Atlanta Tower
Granite Properties has selected Stream Realty Partners as exclusive leasing agent for 3630 Peachtree, a Class A+ office building totaling 438,000 square feet in Atlanta’s Buckhead submarket.
Stream’s leasing team includes Managing Directors Glenn Kolker and Bryan Heller, together with Vice President Parker Welton. The trophy tower’s current tenant roster comprises VML, Amwins Insurance Brokerage and Crescent Wealth Advisory, among others.
Granite Properties picked up the office high-rise in 2022, when the company paid $202 million to seller Heitman, according to CommercialEdge. The ownership also secured a $135.2 million acquisition loan originated by Global Atlantic Financial Group. 3630 Peachtree received LEED Gold, Energy Star, Fitwel and WELL Health-Safety Rated certifications.
The 34-story high-rise includes eight passenger elevators, 28,800-square-foot floor plates, first-floor retail spaces totaling 13,000 square feet, 127 residential condominiums and 1,166 vehicle parking spots, according to the same source.
3630 Peachtree’s on-site amenities encompass a renovated fitness center, a conference room with board room, multiple private meeting rooms and seating capacity of up to 65 people and an executive boardroom. Other amenities include multiple on-site dining options, such as a Tomo Japanese restaurant, a French-inspired F&B restaurant, a café with breakfast and lunch options, while services include dry cleaning, security, valet offerings and EV charging stations.
The office tower is close to multiple transit options, such as Buckhead and Lenox MARTA Station, as well as to the Historic Brookhaven, while being 4 miles from DeKalb-Peachtree Airport, 8 miles from Midtown Atlanta and within 21 miles of Hartsfield-Jackson Atlanta International Airport.
Office deals in Atlanta
Atlanta’s office vacancy rate clocked in at 18.4 percent in April, 130 basis points below the national average, according to the latest CommercialEdge office report. The average listing rate stood at $31.68 per square foot, lower than the U.S. figure of $37.66 per square foot.
Recent significant office leases signed in the metro include Lionstone Investments’ 164,221-square-foot lease with tenant Piedmonth Healthcare Inc. The company will move to 271 17th St., an office building totaling more than 540,000 square feet in the West Atlanta submarket.
In April, OA Development inked a 101,891-square-foot renewal deal at Peachtree Ridge, a nearly 160,000-square-foot office building in Norcross, Ga. The tenant is Pond, that started its initial commitment at the property in 2005.
The post Stream Realty to Lease 438 KSF Atlanta Tower appeared first on Commercial Property Executive.
