Meda Consumer Healthcare Signs 11KSF Sublease in the Cumberland Area
- Feb 14, 2014
The Meda Consumer Healthcare division of Meda Pharmaceuticals Inc. recently signed a sublease with Schawk Inc. for 11,041 square feet of office space in a building located at 1100 Circle 75 Parkway NW, in Atlanta. Two Cresa Atlanta representatives, David Rubenstein and Bo Keatley advised Meda on the sublease.
Meda Pharmaceuticals is the U.S. subsidiary of Meda AB, an international specialty pharmaceutical company focused on the Europe and North America markets, and is present in about 120 countries.
The 16-story, 1100 Circle 75 Building in the Circle 75 Office Park is conveniently located in the Cumberland/Galleria submarket, near the corner of Interstates 285 and 75. The building, as well as its sibling towers 1000 Circle 75 Parkway and 900 Circle 75 Parkway belong to Scott & Associates, a local real estate investment company that recently purchased the three office buildings for $45 million from B.F. Saul Co. The lot totals just less than 700,000 square feet of office space. About 30 Meda employees occupy the office space at 1100 Circle 75.
Jeff Cohen, Vice President & General Manager of Meda Consumer Healthcare told the press that he was pleased to find out that the former Schawk space is an almost perfect match with Meda’s needs.
“It was incredible opportunity to locate ‘plug and play’ space that exactly fit our requirements, including our furniture needs,” he says.
Cohen also considers the move a significant upgrade in terms of accessibility.
Cresa, one of the leading tenant representation firms in North America, represented the pharmaceutical company in the process and Rick Nash of DTZ spoke on behalf of Schawk Inc. during the sublease negotiations.
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