PwC hires CBRE for relocation opportunities - Kansas City Business Journal:

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has hired CB . as its strategicc real estate adviser forthe firm’s Atlantas office. New York-based PwC leases about 150,000 squared feet at 10 Tenth Street. The leasw expires in late 2012. The CBRE which consists of John Shlesingerffrom CBRE’s Atlanta office and Timothhy Dempsey from CBRE’s New York office, will examinre the accounting firm’s potential relocation opportunities throughout greatere Atlanta, as well as represent PwC in any discussions with its curren landlord. CBRE, PwC’s national real estate services provides transaction management and project management services throughout the Unitedx States on behalfof PwC.
About 10 years ago, PricewaterhouseCoopers mover nearly 860 employeesto Midtown’z 10 Tenth St., known as the Millenniun office building, located at 10th and West Peachtre e streets. That deal gave a huge boostf to what was then a strugglinv Midtownoffice market. PricewaterhouseCoopers joins many othere large professional services firms that are starting theire search for new leases in the Atlanta including Big Four competitor and downtownj officetenant , which is currently housef at SunTrust Plaza. a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasint and managementof Georgia-Pacific Center to The firm will begib the assignment on June 16.
has beenmarketing and managingthe 52-story,1.1 million-square-foot towerf at 133 Peachtree St. Georgia-Pacific leases 820,009 square feet for its corporate headquarters. Georgia-Pacificf Center has about 124,009 square feet of contiguousw space available for lease onthe 26th, 27th, 29th, 30th and 31st floors. The building is 87 perceny leased. Jones Lang LaSalle Managinyg Director Linda Bolan willlead management-transition efforts, while Mark Harringtob and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSalle seniofr vice presidents Glenn Aspinwall and Jeff Frants willlead leasing.
“We’ve assembledx an all-star team to work with GA-MET to further the succesd of thislandmark building,” said Claro Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrific opportunity to continue to provd our capabilities and the quality of our Atlantwaleadership team.” Leasing and management of the Georgia-Pacific Centef adds to Jones Lang LaSalle’se significant downtown presence. The firm also leases 230 Peachtree Streety and manages the United Way of MetropolitaAtlanta Inc.’s downtown headquarters.
In addition, Jones Lang LaSalle’x Project and Development Services team is leading the redevelopmentt of the Hilton Atlantsa and the Hyatt Regency after also completing development and redevelopmentg efforts for the Worldof Coca-Cola and the Atlantas Marriott Marquis in the past two years. The team is also developingf GeorgiaState University’s $160 milliob Science Park in Atlanta’d downtown submarket. Jones Lang LaSalle leases and manages aboutr 9 million square feet inmetrl Atlanta. recently sold its Post Dunwoody apartmenta forabout $47 million, the largesf multifamily transaction of the year in Atlanta and a sign that some typesw of real estate lendin g are picking up.
In a deal that closed in Post (NYSE: PPS) sold the 530-unit apartment complex to and for $47.45 million, or $89,434 a unit. Fulton County had valuedc the property at nearly $51 million, or about $97,00p a unit. Freddie Mac (FRE) originated a nearlyt $36 million loan to fund the transaction, according to The deal resultedd in a 75 percent loanto