Leasing Case Studies
The Lenox Building
In one of the most difficult and volatile real estate markets in over a decade the Lenox Building anchor tenant announced its intent to leave the property, vacating 100,000 RSF at a time when the Buckhead submarket vacancy rate was expected to reach 30%.
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Piedmont Place
Built in 1983, Piedmont Place had never been renovated since its delivery. The anchor tenant announced it would vacate 62,000 RSF upon expiration leaving the building at a staggering 32% occupancy in the middle of the 2008-2009 recession.
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Capital Commercial
Capital Commercial's portfolio was underperforming and undervalued due to mismanagement of its assets by a local management company. PMRG was hired to perform an audit of the management and service procedures and implement new policies to increase value. In addition, PMRG began an aggressive marketing campaign to increase visibility with brokers and tenants from other buildings. As a result, awareness of the properties increased and the properties were positioned for sale.
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