Union Investment to invest significant capital to renovate the lobby and common areas of the building.
ATLANTA, GA, September 26, 2016 – PMRG announced today it has been tapped by Union Investment, a leading international investment company based in Hamburg, Germany, to handle management at Ten 10th Street, a 14-story, 421,417 square foot, Class A office building in the Midtown submarket of Atlanta. Union Investment has plans to invest significant capital to renovate the lobby and common areas of the building.
Bill Weghorst and Julie Motsinger will oversee the asset, and Michael McLean has been selected as General Manager to manage the daily operations at Ten 10th Street. “PMRG is thrilled to have the opportunity to partner with Union Investment. We take tremendous pride in identifying cost saving opportunities and have a proven history of adding value to our properties,” said Bill Weghorst, PMRG Executive Vice President and Managing Director.”
Ten 10th Street is ideally located just minutes from the I-75/85 freeway and Midtown MARTA station, providing convenient access to neighboring communities. The building is walking distance to abundant retail, restaurant, hotel, and cultural amenities. Ten 10th Street is currently 92% leased to a desirable tenant mix including Google, Jacobs Engineering, FDIC, EMC and Stanley Black & Decker.