PwC hires CBRE for relocation opportunities - Atlanta Business Chronicle:

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has hired CB . as its strategic real estatre adviser forthe firm’s Atlanta New York-based PwC leases about 150,0000 square feet at 10 Tenth The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’x Atlanta office and Timothy Dempsegy from CBRE’s New York will examine the accounting firm’sa potential relocation opportunities throughout greater Atlanta, as well as represenyt PwC in any discussions with its current CBRE, PwC’s national real estate services provider, providez transaction management and projecrt management services throughout the United States on behalf of PwC.
About 10 years ago, PricewaterhouseCoopers moved nearly 860 employeesto Midtown’w 10 Tenth St., known as the Millenniukm office building, located at 10th and West Peachtree That deal gave a huge boost to what was then a struggliny Midtown office market. PricewaterhouseCoopers joins many other large professional servicesd firms that are starting their search for new leasese in theAtlanta market, includingg Big Four competitor and downtowm office tenant , which is currentlh housed at SunTrust Plaza.
a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasing and managementtof Georgia-Pacific Center to The firm will beginb the assignment on June 16. has beenmarketingb and managingthe 52-story,1.1 million-square-foot tower at 133 Peachtree St. Georgia-Pacific leases 820,000 squarw feet for its corporate Georgia-Pacific Center has abouyt 124,000 square feet of contiguous spacd available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinyg is 87 percent leased.
Jones Lang LaSalle Managinb Director Linda Bolan willlead management-transition while Mark Harrington and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSallse senior vice presidents Glenn Aspinwallo and Jeff Frantz willlead leasing. “We’ve assemblerd an all-star team to work with GA-MET to furthef the success of thislandmark building,” said Clarl Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrificv opportunity to continue to prove our capabilitiees and the quality of our Atlantaleadershilp team.
” Leasing and management of the Georgia-Pacifix Center adds to Jones Lang LaSalle’s significany downtown presence. The firm also leasee 230 Peachtree Street and manages the Uniter Way of MetropolitanAtlanta Inc.’se downtown headquarters. In addition, Jones Lang LaSalle’s Projec t and Development Services team is leadingb the redevelopment of the Hilton Atlanta and the Hyatt Regency after also completing development and redevelopment efforts for the Worldsof Coca-Cola and the Atlantza Marriott Marquis in the past two The team is also developing Georgiaq State University’s $160 million Science Park in Atlanta’sw downtown submarket.
Jones Lang LaSalle leasezs and manages about 9 million square feet inmetro Atlanta. recentlyu sold its Post Dunwoody apartments forabout $47 million, the larges t multifamily transaction of the year in Atlanta and a sign that some typesz of real estate lending are pickingf up. In a deal that closedd in April, Post (NYSE: PPS) sold the 530-unit apartmen complex to and for $47.4 million, or $89,434 a unit. Fultoh County had valued the property atnearly $51 or about $97,000 a unit.
Freddie Mac (FRE) originatefd a nearly $36 million loan to fund the transaction, accordiny to The deal resulted in a 75 percent loanto