PM Realty Group Represents ING Clarion in Full-Floor Deal ATLANTA, GA
- Gables Residential has signed a full-floor lease at The Lenox Building in Buckhead and will move its headquarters to the tower this fall, according to PM Realty Group, which markets and leases space in The Lenox Building.
Gables Residential signed a 10-year lease for about 21,000 square feet in the building at 3399 Peachtree Road, said Dean Giordano, senior vice president for PM Realty Group. Billy Hobbs and Jason Jones with CRESA Partners represented Gables Residential.
Gables will relocate from its current headquarters in Overlook III, an office tower atop Mt. Wilkinson in Vinings. Gables, which owns, develops and manages luxury apartment communities, chose The Lenox Building because of its convenient amenity base and convenient access to MARTA and Ga. 400.
David Fitch, CEO of Gables Residential, said the convenience of doing business at The Lenox Building and The Lenox Building's well-capitalized ownership made it an attractive option for Gables. "As a company that prides itself on offering inviting places to live with extraordinary services, we look for similar attributes in a new headquarters," said David Fitch, CEO of Gables Residential. "We found these in The Lenox Building." The Lenox Building is a 20-story, 350,000-square-foot Class A office tower in Atlanta's Buckhead submarket. The tower, owned by one of ING Clarion's separate account pension fund clients, is connected to the Lenox Square Mall and the JW Marriott hotel.
The Lenox Building's reputation as an ideal location for corporate headquarters, said Giordano, who represents ING Clarion. "The Lenox Building has a history of being home to headquarters of Atlanta companies," Giordano said. "The owner is pleased to have a company such as Gables Residential added to the tenant roster at The Lenox Building." Gables Residential is a private REIT that owns 72 apartment communities with 18,000 units, and manages more than 20,000 apartment homes for third party owners.