A Fresh Take on CRE

Atlanta Deal Highlight: Franchisor Expands at 400 Perimeter Center Terrace

From time to time, we like to highlight recent deals and from the CompStak database that we find interesting. We hope you will find the information helpful.

400 Perimeter Center Terrace in Atlanta

Franchisor Expanded at 400 Perimeter Center Terrace

A developer, operator and franchisor of Popeye's Louisiana Kitchen, expands its presence in the North Tower at 400 Perimeter Center Terrace in Atlanta. The company signed a lease in the fourth quarter of 2011 for over 56,000 SF with rent in the low-$20s PSF. Late in 2013, the company added just under 10,000 SF of additional space for nine years at a slightly higher rent in the mid-$20s PSF. 400 Perimeter Center Terrace is also home to auto insurance and industrial software companies, both of which signed leases in the low to mid-$20s PSF in 2013. Additional a life insurance company recently purchased the building from RBS, and the upcoming renovations will likely result in increased rent.
photo: terracesperimetercenter.com