BOUNCING BACK
| What's the owner of a Buckhead office building to do when its largest tenant leaves for a downtown tower during the worst real estate recession in recent memory? Work doubly hard to backfill the space. | |
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That's what Butters Construction & Development did, with the help of its local rep, PM Realty Group, at Piedmont Place. In the 90 days since anchor tenant Cooper Carry split for 191 Peachtree Tower, Piedmont Place has signed new deals and renewals totaling more than 60K SF in the four-story, 91k SF building across from Piedmont Center. ?We've had more activity on Piedmont Place than on any facility we own in our 3 million-square-foot portfolio,? Butters? principal Malcolm Butters tells us. PM Realty's Chip Roach, who teamed with colleague Bill Weghorst at Piedmont Place, credits ?the building's location, quality, accessibility and value.? | |
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Yesterday we snapped the address marquis showing some of the new tenants that Butters and PM have attracted to fill the space. Butters spent $1 million to spruce up the building when the architectural firm left and hired VeenendaalCave to create boutique spaces out of the big block. The free parking probably helped, too. Thanks to the hard work, only two suites remain available. |
