Transwestern Awarded Leasing for Suburban Atlanta's 312,500-Square-Foot Platinum Tower

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Feb 15, 2013, 12:00 ET

ATLANTA, Feb. 15, 2013 /PRNewswire/ -- Transwestern's Atlanta office today announced the firm has been named the exclusive leasing agent for Platinum Tower, a 312,500-square-foot building located at 400 Interstate North Parkway in metro Atlanta's Cumberland/Galleria submarket. The property is an investment of Beacon Investment Properties, which purchased the property on January 9 for $48 million.

"Beyond its core location and diverse amenities, Platinum Tower leads its class in terms of operational excellence and sustainability," said Greg Frankum, Transwestern's director of agency leasing. "Historically, the property has performed very well, maintaining above average occupancy rates by attracting a diverse tenant base, including regional headquarters and local branches for firms in the financial, real estate and manufacturing sectors."

Currently 94.4 percent occupied, the 17-story, premier suburban office high rise is located at the intersection of Interstates 75 and 285, providing strong visibility and easy access to the new Cumberland Boulevard underpass and the entire metro area. The property is surrounded by a number of amenities, such as the Sheraton Suites Galleria hotel, Garrison's Broiler & Tap and the Cumberland Mall. On-site amenities include a full-service deli, key-card access, high-speed fiber, on-site property management, fitness center, tenant conference room, valet dry cleaning service and overnight drop boxes.

LEED^® certified and ENERGY STAR^® labeled, Platinum Tower's exterior features alternating bands of granite and black reflective glass and is accented by stainless steel trim. An attached glass-clad parking structure provides 1,280 parking spaces that are directly accessible to both the lobby and the first four floors. There is currently 25,000 square feet of available space in the building.

The leasing team includes Frankum, Matt Spickard and Emily Dickerson of Transwestern.

The Platinum Tower leasing project is a significant addition to Transwestern's leasing and property management portfolio, totaling more than 32 million square feet of commercial properties managed out of the Atlanta office. Transwestern operates 33 corporate offices across the U.S. and currently leases and manages more than 1,404 properties, representing 283 million square feet of office, industrial and retail space. In 2012, Transwestern completed leasing, sales and finance transactions totaling $6.22 billion.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern's Atlanta office on Twitter: @TranswesternATL.

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SOURCE Transwestern