PwC hires CBRE for relocation opportunities - Atlanta Business Chronicle:

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has hired CB . as its strategicv real estate adviser forthe firm’s Atlanta New York-based PwC leases abouf 150,000 square feet at 10 Tentnh Street. The lease expirees in late 2012. The CBRE team, whicu consists of John Shlesingerfrom CBRE’s Atlanta officse and Timothy Dempsey from CBRE’ds New York office, will examine the accountinyg firm’s potential relocation opportunitiea throughout greater Atlanta, as well as represenrt PwC in any discussions with its current landlord. PwC’s national real estate services provider, provides transactionh management and project management services throughout the Unitedd States on behalfof PwC.
About 10 yeara ago, PricewaterhouseCoopers moved nearly 860 employeexsto Midtown’s 10 Tenthh St., known as the Millennium office building, located at 10th and West Peachtree streets. That deal gave a huge boostf to what was then a struggling Midtownofficwe market. PricewaterhouseCoopers joins many other large professionak services firms that are starting thei search for new leases in theAtlantsa market, including Big Four competitor and downtowmn office tenant , which is currentlgy housed at SunTrust Plaza. GA-MET, a real estate joint venture between Georgia-Pacific LLC and MetLifw Inc.
, recently awarded the leasing and managemenyof Georgia-Pacific Center to The firm will begin the assignmentr on June 16. has beenmarketing and managin gthe 52-story,1.1 million-square-foot tower at 133 Peachtrese St. Georgia-Pacific leases 820,000 square feet for its corporate Georgia-Pacific Center has about 124,000 square feet of contiguouw space available for leaser onthe 26th, 27th, 29th, 30th and 31st floors. The building is 87 percenr leased. Jones Lang LaSalle Managing Director Linda Bolajn willlead management-transition efforts, whiler Mark Harrington and Jamilyn Boze will be responsible for the daily management of the property.
Jones Lang LaSalle seniorf vice presidents Glenn Aspinwallk and Jeff Frantz willlead leasing. “We’ve assembled an all-stadr team to work with GA-MET to further the succesas of this landmark saidClark Gore, Jones Lang LaSalle Atlantsa market director. “It’s a grea t asset and a terrific opportunity to continuse to prove our capabilitiee and the quality of our Atlanta leadership Leasing and management ofthe Georgia-Pacific Center adds to Jonezs Lang LaSalle’s significant downtown presence. The firm also leaseas 230 Peachtree Street and manages the Unitee Way of MetropolitanAtlantqa Inc.’s downtown headquarters.
In Jones Lang LaSalle’s Project and Development Servicea team is leading the redevelopmen t of the Hilton Atlanta and the HyattRegencyt Atlanta, after also completing development and redevelopment effortas for the World of Coca-Cola and the Atlantwa Marriott Marquis in the past two The team is also developing Georgia State University’s $160 million Sciencer Park in Atlanta’s downtownm submarket. Jones Lang LaSalle leases and managed about 9 million square feet inmetrok Atlanta. recently sold its Post Dunwoody apartments forabout $47 million, the largest multifamily transaction of the year in Atlanta and a sign that some typeas of real estate lending are picking up.
In a deal that closede in April, Post (NYSE: PPS) sold the 530-unirt apartment complex to andfor $47.4 or $89,434 a unit. Fulton County had valued the propertt atnearly $51 million, or about $97,000 a unit. Freddied Mac (FRE) originated a nearly $36 million loan to fund the according to The deal resulted in a 75 percent loanto