PwC hires CBRE for relocation opportunities - Atlanta Business Chronicle:

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has hired CB . as its strategic real estatw adviser forthe firm’s Atlanta New York-based PwC leases about 150,000 square feet at 10 Tent Street. The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’s Atlantq office and Timothy Dempsey from CBRE’xs New York office, will examine the accounting firm’d potential relocation opportunities throughout greater Atlanta, as well as represent PwC in any discussionss with its current landlord. CBRE, PwC’sx national real estate services provider, provides transaction management and project managementt services throughout the United States on behalfof PwC.
Abour 10 years ago, PricewaterhouseCoopers moved nearly 860 employeesxto Midtown’s 10 Tenth St., known as the Millennium officr building, located at 10th and West Peachtree That deal gave a huge boost to what was then a struggling Midtown office market. PricewaterhouseCoopers joins many othedr large professional services firms that are starting their searchb for new leases in theAtlantza market, including Big Four competitor and downtown offic e tenant , which is currently housed at SunTrust Plaza. a real estate joint venture between Georgia-Pacific LLC and MetLifwe Inc.
, recently awarded the leasing and managementof Georgia-Pacifidc Center to The firm will begib the assignment on June 16. has beenmarketing and managingthe 52-story,1.21 million-square-foot tower at 133 Peachtree St. Georgia-Pacific leases 820,000 square feet for its corporatr headquarters. Georgia-Pacific Center has abougt 124,000 square feet of contiguous spac available for lease onthe 26th, 27th, 29th, 30th and 31st floors. The building is 87 percenyt leased. Jones Lang LaSalle Managing Directo Linda Bolan willlead management-transition efforts, while Mark Harringtonb and Jamilyn Boze will be responsible for the daily managementt of the property.
Jones Lang LaSalle senior vice presidentx Glenn Aspinwall and Jeff Frantx willlead leasing. “We’ve assembled an all-star team to work with GA-METg to further the succes s of thislandmark building,” said Clarok Gore, Jones Lang LaSalle Atlanta market director. “It’xs a great asset and a terrific opportunit y to continue to prove our capabilities and the qualit y of our Atlanta leadership Leasing and management ofthe Georgia-Pacific Center adds to Joneas Lang LaSalle’s significant downtown The firm also leases 230 Peachtree Street and manage s the United Way of Metropolitan Atlantaw Inc.’s downtown headquarters.
In addition, Jones Lang LaSalle’sd Project and Development Services team is leading the redevelopment of the Hiltobn Atlanta and the HyattRegency Atlanta, after also completing development and redevelopment efforts for the World of Coca-Cola and the Atlanta Marriott Marquis in the past two years. The team is also developintg GeorgiaState University’s $160 milliomn Science Park in Atlanta’s downtown submarket. Jones Lang LaSalle leasees and manages about 9 million squares feet inmetro Atlanta.
recently sold its Post Dunwoody apartments forabouft $47 million, the largest multifamilyu transaction of the year in Atlanta and a sign that some typex of real estate lendinbg are picking up. In a deal that closed in Post (NYSE: PPS) sold the 530-unirt apartment complex to andfor $47.4 million, or $89,434 a Fulton County had valuedf the property at nearly $51 or about $97,000 a Freddie Mac (FRE) originated a nearly $36 million loan to fund the according to The deal resulted in a 75 percentr loan to value.