ATLANTA, GA - PM Realty Group (PMRG), a national, full-service commercial real estate firm, has been hired by Equastone Real Estate Investment Advisors for the management and leasing of 100 Peachtree (formerly the Equitable Building), a Class A office tower in downtown Atlanta.
PM Realty Group will assume management and leasing of the 33-story, 453-foot tower at 100 Peachtree Street effective immediately, said Bill Weghorst, senior vice president and director of PM Realty Group's Atlanta region.
"The addition of this landmark office tower greatly enhances PM Realty Group's management and leasing portfolio - as well as our growing in-town Atlanta presence," said Weghorst. The building, which has 615,122 square feet of office and retail space, is approximately 50 percent leased and known for its premier signage on the downtown skyline (which is now available).
"Our team knows 100 Peachtree offers Atlanta businesses a truly one-of-a-kind commercial package with its prime location in the Central Business District, above-market parking ratio with a connected parking deck and premiere office amenities," said Chip Roach, senior vice president of PM Realty Group's Atlanta region, who will be leading the leasing efforts.
Additionally, building owner Equastone Real Estate has committed to investing over million for capital improvement, which will primarily be focused on the lobby - bringing upgrades that will further enhance the building's appeal. "In today's commercial market, the downtown area has become the low-cost alternative for high-quality office space in Atlanta due to the prime location and relatively low rental rates the area provides in comparison to Midtown and Buckhead," explained Clint Harrington, Executive Vice President of Asset Management at Equastone Real Estate. "100 Peachtree is an attractive space not only because of its competitive rates, but also due to its prime location with close proximity to key attractions such as Centennial Olympic Park and CNN Center, as well as a wealth of new residential, retail and hotel projects underway in the immediate area."
With the addition of 100 Peachtree, PMRG's Atlanta region now leases, manages and/or provides engineering services for over 19 million square feet.
About Equastone Real Estate Investment Advisors
Equastone's affiliated funds currently own 59 office and flex buildings encompassing nearly 9.4 million square feet throughout the United States. Equastone has offices in San Diego, Denver, Dallas and Houston, and owns properties in California, Arizona, Colorado, Georgia, Louisiana, Nevada, Oregon and Texas. Equastone is a real estate investment firm specializing in the acquisition and asset management of opportunistic and value-added real estate. Equastone manages investment capital on behalf of Equastone Real Estate Funds, which are private equity funds for high net-worth and institutional investors. For more information about Equastone, call Mykel Sprinkles at (858) 812-3261 or visit www.equastone.com.
About PM Realty Group
Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.
PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.
Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com