Transwestern to Lease Platinum Tower; Parmenter Scores Two TOBY Awards
By Georgiana Mihaila, Associate Editor
Beacon Investment Properties has recently named Transwestern’s Atlanta office as the exclusive leasing agent for its 312,500-square-foot Platinum Tower. This new 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.
Owner Beacon Investment Properties purchased the property last month from CBRE Global Investors Strategic Partners fund in a $48 million deal.
Located at 400 Interstate North Parkway in metro Atlanta’s Cumberland/Galleria submarket, the 17-story building is both 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.
Currently 94.4 percent occupied, the building has 25,000 square feet of available space. Greg Frankum, Transwestern’s director of agency leasing, along with Matt Spickard and Emily Dickerson will be handling the leasing efforts.
“Beyond its core location and diverse amenities, Platinum Tower leads its class in terms of operational excellence and sustainability,” said Frankum. “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.”
In other commercial real estate news, Parmenter Realty Partners has earned three BOMA Georgia distinctions, with two of its buildings winning The Outstanding Building of the Year (TOBY) Awards, and Christina Pearson being named 2013 Property Manager of the Year.
The two winning buildings were Buckhead Tower at Lenox Square—a Class A, 348,152-square-foot office building that won the local TOBY in the 250,000-499,999-square-foot category—and 160 Clairemont, a 121,686 SF Class A office building, winner in the Renovated Building category. With these two wins, Miami-based Parmenter Realty Partners now has a total of 45 TOBY Awards.
Images courtesy of CBRE Global Investors and Parmenter Realty