Regions Southeast | Atlanta
RFP Closes 86,000 SF of Renewals, Expansions at RiverEdge in Atlanta
Aug 18, 2008

RFP Mainstreet RiverEdge L.L.C. has closed more than 86,000 square feet of renewals and expansions at its RiverEdge office development in Atlanta’s Northwest submarket. The firm was represented by Jones Lang LaSalle. RFP Mainstreet RiverEdge acquired RiverEdge, a two-building, nearly 500,000-square-foot office complex, last year. The development is located in Fulton County near the Chattahoochee River and the Cumberland/Galleria area and is 80 percent leased.The transactions include:

IntercontinentalExchange Inc’s. renewal and expansion for a total of 59,938 square feet of Class A office space at 2100 RiverEdge Parkway. ICE expanded by 15,274 square feet, and was represented by Kerry Davidsen of CB Richard Ellis.

DWI Holdings Inc.’s renewal of 8,294 square feet at 2100 RiverEdge Parkway, a 263,281-square-foot office building. The textile holding firm chose to keep its headquarters at RiverEdge and was represented by Jim Devaney of NAI Brannen Goddard.

Pactiv Corp. also chose to renew its 7,782-square-foot lease at 2100 RiverEdge. The consumer and food products packaging company, which is based in suburban Chicago, was represented by John O’Neill and Ryan Irvine of Cushman & Wakefield.

Locally based Raymond Walker Co., which designs and develops manufacturing and industrial properties, renewed its lease for 6,933 square feet at 2100 RiverEdge, which will remain the firm’s headquarters, and was represented by Rob Binion of LaVista Associates.

At 2000 RiverEdge Parkway, Des Moines, Iowa-based Principal Life Insurance Co. expanded its lease by 3,080 square feet for a total of 24,561 square feet and was represented by Lauren August of Terrus Real Estate Group.



 
Recent Atlanta Headlines
Urdang Sells Pair of Atlanta-Area Business Centers for $48M
Urdang, a unit of BNY Mellon Asset Management, has announced the $48 million sale of two business centers in suburban Atlanta to CCI-B Marietta L.L.C., a partnership formed by Capital Commercial Investments Inc. The properties total nearly 14 buildings on 48 acres and comprise 620,000 square feet of office, medical, retail and warehouse space.
BPG Purchases Atlanta M-F Site for $53M
Continuing its search for high-quality multi-family properties despite the tanking economy, private equity real estate fund manager BPG Properties Ltd. acquired a suburban Atlanta multi-family community for $52.8 million from Atlanta-based Post Apartment Homes, L.P.
ProLogis Signs 8 Leases Totaling  946,000 SF in Atlanta
ProLogis has signed new lease agreements in Atlanta in eight transactions totaling approximately 946,000 square feet during the third quarter of 2008.
Federal Aviation Leases 98,000 SF at Duke’s Camp Creek Business Center
Duke Realty Corp. has leased a nearly 98,000-square-foot office building at Camp Creek Business Center, located three miles west of Hartsfield Jackson International Airport in Atlanta, to the Federal Aviation Administration.
585,000-SF Suburban Atlanta Industrial Property Trades for $20M
The 585,000-square-foot distribution center at 200 Blairs Bridge Rd. within the First Park Terminus West business park in Lithia Springs, Ga., has just come under new ownership.