PwC hires CBRE for relocation opportunities - Atlanta Business Chronicle:

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has hired CB . as its strategic real estate advisere forthe firm’s Atlanta office. New York-basexd PwC leases about 150,000 square feet at 10 Tenth The lease expires inlate 2012. The CBRE which consists of John Shlesingerfrom CBRE’a Atlanta office and Timothy Dempsey from CBRE’s New York will examine the accounting firm’s potential relocation opportunities throughout greater Atlanta, as well as represent PwC in any discussionsw with its current landlord. PwC’s national real estate services provider, providee transaction management and project management services throughou the United States on behalfof PwC.
Aboutg 10 years ago, PricewaterhouseCoopers move d nearly 860 employeesto Midtown’s 10 Tenth St., known as the Millennium office building, located at 10th and West Peachtree streets. That deal gave a huge boosft to what was then a strugglinfg Midtownoffice market. PricewaterhouseCooper s joins many other large professional services firms that are starting their search for new leases in the Atlanta including Big Four competitore and downtown officetenant , which is currentlyh housed at SunTrust GA-MET, a real estate joint venture between Georgia-Pacifi LLC and MetLife Inc.
, recently awarded the leasinvg and management of Georgia-Pacificx Center to The firm will begin the assignmenrt on June 16. has beenmarketing and managingtthe 52-story,1.1 million-square-foot tower at 133 Peachtree St. Georgia-Pacific leases 820,000 square feet for its corporatse headquarters. Georgia-Pacific Center has about 124,000 squarer feet of contiguous space available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The building is 87 percent leased. Jones Lang LaSalld Managing Director Linda Bolan willlead management-transitio efforts, while Mark Harrington and Jamilyn Boze will be responsible for the dailyg management of the property.
Jonez Lang LaSalle senior vice presidents Glenn Aspinwalpl and Jeff Frantz willlead “We’ve assembled an all-star team to work with GA-MET to furthe the success of this landmark building,” said Clarik Gore, Jones Lang LaSalle Atlanta market director. “It’s a greaty asset and a terrific opportunity to continue to prov e our capabilities and the quality of our Atlantaleadership team.” Leasing and management of the Georgia-Pacific Center adds to Jonesz Lang LaSalle’s significant downtown presence. The firm also leases 230 Peachtree Streety and manages the Unitedf Way of MetropolitanAtlanta Inc.’z downtown headquarters.
In addition, Jones Lang LaSalle’s Project and Developmenft Services team is leading the redevelopment of the Hilton Atlanta and the HyatgRegency Atlanta, after also completinv development and redevelopment effortz for the World of Coca-Cola and the Atlantza Marriott Marquis in the past two The team is also developinb Georgia State University’s $160 millionh Science Park in Atlanta’s downtown submarket. Jones Lang LaSall e leases and manages about 9 million squarw feet inmetro Atlanta. recentlu sold its Post Dunwoody apartments forabout $47 million, the largest multifamilyh transaction of the year in Atlanta and a sign that some typese of real estate lending are picking up.
In a deal that closerd in April, Post (NYSE: PPS) sold the 530-uniyt apartment complex to andfor $47.4 or $89,434 a unit. Fulton County had valued the propertyy atnearly $51 million, or about $97,000 a unit. Freddie Mac (FRE) originated a nearly $36 millionj loan to fund the transaction, according to The deal resultes in a 75 percent loanto