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Non-profit’s search for walkable downtown space leads it to one of the city’s most vibrant locations
ATLANTA, April 8, 2015 – JLL today announced the firm has arranged Urban Land Institute (ULI) Atlanta's move to a new office in Peachtree Center, the iconic six-tower, 2.5-million-square-foot mixed-use property in Downtown Atlanta. Banyan Street Capital is the owner of Peachtree Center.
ULI Atlanta is a district council of ULI, a non-profit education and research institute whose mission is to provide leadership in the responsible use of land and the creation of sustainable communities worldwide. ULI Atlanta moved into its space on March 30; the organization moved from suburban Cobb County.
"Our organization works hard to promote the development of walkable communities, and so when we're looking for our new home, we knew we had to 'walk the walk,' so to speak, and locate in just such a site," said ULI Atlanta Executive Director Sarah Kirsch. "Peachtree Center offers one of the most energetic walkable environments in the city, and provides our employees and guests with a wonderful array of amenities, such as the restaurants and the retail shops. We've also been very impressed with the ongoing improvement program at the property and are excited about Banyan Street's future renovation plans for the property."
Being located in Downtown allows ULI Atlanta to be closer to more of its members, and the office will have space for members to "hotel" for a few hours and get work done, Kirsch said. "Downtown really has an unparalleled level of energy right now, and it's just a great environment for us to carry out ULI's mission."
ULI Atlanta's office will be in the South Tower. JLL Senior Vice President Kay Younglove, Vice President Michael Werner and Leasing Associate David Horne represented Banyan Street Capital in the transaction. No other brokers were involved in the deal.
"Downtown and Peachtree Center are great fits for ULI, and we really feel like there's a partnership between the organization and the team here at Peachtree Center," Younglove said. "We continue to build new momentum for this landmark property and look forward to undertaking more building improvements later this year to push that momentum even further."
JLL was awarded the exclusive leasing assignment for Peachtree Center in late 2014.
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About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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