Connect with us

Atlanta, GA

Regions Bank Stays Put in Atlanta with 100KSF Lease Renewal

Published

on

Regions Bank Stays Put in Atlanta with 100KSF Lease Renewal


Areas Plaza Atlanta. Picture courtesy of PGIM Actual Property

PGIM Actual Property has signed longtime tenant Areas Financial institution to a lease settlement that may maintain the monetary establishment in its present dwelling at Areas Plaza in Midtown Atlanta for a further 14 years. Areas Financial institution, which occupies simply over 100,900 sq. ft of area on the property, may even proceed to have its title grace the crown of the five hundred,000-square-foot, 24-story tower.

Situated on a virtually 2-acre website at 1180 W. Peachtree St., Areas Plaza first opened its doorways in 2001 as Atlantic Middle Plaza. In 2011, Birmingham, Ala.-based Areas Financial institution inked a lease for roughly 80,000 sq. ft on the Smallwood, Reynolds, Stewart, Stewart & Associates-designed property, which, just a few years later, took on the moniker of Areas Plaza. Quick-forward to 2017, PGIM acquired Areas Plaza from Crocker Companions, now CP Companions, for $176 million in one in every of Atlanta’s largest workplace offers of that yr.

Kevin Driver and Steve DeVinney of Stream Realty Companions, which handles leasing for Areas Plaza on behalf of PGIM, represented the possession within the transaction with Areas Financial institution. ICON Industrial Pursuits’ Jimmy Sanders, Mitch Kahlert, and Harry DeAntonio negotiated for the tenant. Together with the Class AA workplace area, Areas Financial institution has a full-service financial institution location on-site and staff have entry to the LEED- and Fitwel-certified property’s lengthy checklist of facilities, which features a health facility, café and convention choices.

One thing about Midtown

Atlanta’s workplace sector continues to battle with shaking off the damaging penalties of the pandemic. A few of the small victories may be attributed to Midtown. In response to a report by Cushman & Wakefield: “Because the tempo of latest vacancies hitting the market slowed considerably through the first quarter, central enterprise district emptiness dropped a modest 10 foundation factors quarter-over-quarter. This lower was primarily pushed by Midtown, which was the one submarket in Metro Atlanta to kick off 2022 with a quarterly emptiness enchancment.”

Moreover, Midtown was one in every of solely three of Atlanta’s 9 submarkets to put up constructive web absorption within the first quarter and led the market on this essential benchmark with practically 160,000 sq. ft in total web absorption, writes the Cushman & Wakefield report. Midtown was additionally on the prime in leasing exercise with practically 314,000 sq. ft of latest leases signed within the first quarter of 2022.

Advertisement



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Atlanta, GA

Georgia officials: Atlanta will be hazy and smell like chlorine on Thursday

Published

on

Georgia officials: Atlanta will be hazy and smell like chlorine on Thursday


ShareAtlanta, GA — The aftermath of a chemical plant fire in Rockdale County that began Sept. 29 will produce haze and a chlorine odor on Thursday morning, Oct. 3, state officials announced. CNN reported that the fire began on the roof of BioLab in Conyers, Ga. Tests revealed chlorine was “emitting” from the facility. According to […]



Source link

Continue Reading

Atlanta, GA

Braves News: Bats quiet in SoCal, Chris Sale stays in Atlanta, and more

Published

on

Braves News: Bats quiet in SoCal, Chris Sale stays in Atlanta, and more


The Atlanta Braves had an underwhelming start to the Postseason, dropping game one of the Wild Card Series 4-0 to the San Diego Padres. The Braves entered the game in a less-than-ideal pitching situation, as AJ Smith-Shawver got the start.

Offensively, though, the Braves had plenty of opportunities to plate a run and failed to do so. Despite outhitting the Padres 7-5, the club struck out 15 times and left seven men on base.

The Braves look to right the ship in an elimination game tonight at 8:38 ET as Max Fried takes the mound against Joe Musgrove.

More Braves News:

Advertisement

Chris Sale was left off the Braves’ Wild Card roster and stayed behind in Atlanta. He did, however, tell manager Brian Snitker that he was feeling better, but he has not thrown a side session yet.

Here is exactly how the Braves have performed against the Padres during the 2024 regular season.

The Braves have had plenty of injuries to deal with this year, but Chris Sale’s untimely injury may be the toughest one to date.

David O’Brien of the Athletic has takeaways from Game 1 of the Wild Card Series.

MLB News:

Advertisement

Follow along with us for a full schedule of the 2024 Postseason, along with results.

34 players have elected free agency, including Cristian Pache, Touki Toussaint, and more.

The Minnesota Twins have parted ways with hitting coach David Popkins. His contract ended at the conclusion of the 2024 season and will not be renewed.

The San Francisco Giants announced that general manager Pete Putila will not return in that role and will instead take on a new one.

Juan Soto, Walker Buehler, and more headline the list of the 2024-25 free agents.

Advertisement

The New York Mets selected the contract of right-hander Max Kranick and placed him on their Wild Card roster. In a corresponding move, the club designated infielder Eddy Alvarez for assignment.

Houston Astros stars Justin Verlander and Yordan Alvarez were each left off the team’s Wild Card roster.



Source link

Continue Reading

Atlanta, GA

Atlanta Falcons have a Kyle Pitts Problem

Published

on

Atlanta Falcons have a Kyle Pitts Problem


The Atlanta Falcons pulled off a miraculous, last-second win versus rival New Orleans Saints. Meanwhile, Kyle Pitts played no significant role in the offense, again. As the Falcons continue to try and build a solid foundation on the offensive side of the ball, Pitts looks like an island to himself. 

When asked about the lack of production from Kyle Pitts, head coach Raheem Morris defended the former No. 4 overall pick by sounding eerily familiar to previous head coach Arthur Smith. He said “stats are for losers.”

Maybe. But Kyle Pitts didn’t accumulate any stats against the Saints. Zero catches, zero yards. He’s on pace for 34 catches for 446 yards — a worse per game average than he had with Marcus Mariota as his quarterback.

Once considered the next evolution in tight end play, he pretty much runs cardio routes, baiting a defender halfway down the field. The defender realizes that Pitts is not open, won’t get open, and the Atlanta offense plays 10-on-11 over the course of four quarters.

Advertisement

Honesty needs to set in. Kyle Pitts doesn’t look like he fits the Falcons current and present. 

Not Skill Related

Now, Pitts’s issues do not reside with his athletic ability. For his size and frame, Pitts enjoys an elite blend of speed and explosiveness that NFL tight ends rarely have. He had a 9.65 Relative Athletic Score coming out of Florida. The nearest comparison of a similar tight end feels like Vernon Davis. 

Pitts will outrun any linebacker, move laterally against them underneath, as well. Similarly, while defensive backs can obviously keep up, Pitts’s size and frame should act as a shield. Imagine a power forward in basketball, boxing an opponent out in a small area. 

In a perfect world, the former Florida product would serve as a matchup nightmare and redzone threat as a tight end that can line up anywhere on the field due to his speed and agility. That was the idea when the Falcons made him the highest drafted tight end in history in 2021.

Advertisement

What’s the Problem?

As mentioned, the issue is not a physical one. So, where does the issue lay? First, you have to look at the hands. Through four seasons, Pitts dropped thirteen passes. That excuse would hold water if the Falcons employed the same quarterbacks. Instead, they signed a veteran and drafted a highly-touted rookie. 

Yet, he sits fifth in catches and yardage. When a new quarterback chooses to throw the ball elsewhere, that speaks volumes to where the offense sees Pitts at the moment. Plus, the reasoning that defenses gameplan and take him out of the game by scheme falls apart.

Still Trying

Despite Pitts’s invisibility in 2024, his teammates still attempt to get him involved. Yesterday, Kirk Cousins discussed this with the Atlanta Journal-Constitution.

Advertisement

“So, there are some plays out there when I come to sideline, I say, ‘Kyle, I’ve got to work you there,’” Cousins said. “Then there are other ones where I did work him. I say, ‘I probably shouldn’t have forced it to you.’ It goes both ways. You always go where your reads take you and it skews the numbers one way or the other. Sometimes. it’s really balanced. You just have to go where they take you.”

Big Picture

With one year remaining after 2024 on his rookie deal, where does Kyle Pitts stand? Does he warrant a second deal or should Atlanta let him walk and funnel those funds to shore up weaknesses? Bluntly, this sits in Pitts’s hands. 

The club already picked up his fifth-year option, but nothing appears after that. The Falcons strive to unencumber themselves from mistakes in the past. Kyle Pitts’s play will determine if he will exist a current Falcon or one of the past.



Source link

Advertisement
Continue Reading

Trending