JLL announces agreement with Manulife Investment Management to lease Proscenium in the heart of Midtown Atlanta

JLL Atlanta’s Agency Leasing team has been selected to lease Proscenium, the 521,000-square-foot, Class-A office tower in Midtown Atlanta. Located at 1170 Peachtree Street, the 24-story tower represents one of the key assets in Manulife Investment Management’s strategic Southeast portfolio, and will undergo a series of capital improvements beginning in early 2024. JLL Managing Director Jeff Taylor and Executive Vice President David Horne will lead leasing and marketing efforts for Proscenium on behalf of Manulife Investment Management.

Located at the epicenter of Midtown’s business and lifestyle district, Proscenium offers 25,000-square-foot floor plates and world-class amenities including multi-room conference facilities, a full-service fitness center, an outdoor gathering area, a sundry shop, and a barber shop. Manulife Investment Management’s planned capital improvements will kick off early next year and focus on modernizing the lobby and building exteriors, as well as upgrading common spaces to create a more welcoming and communal environment for tenants. The Energy Star-certified building also features a dedicated concierge, property management and security team.

With an impressive Walk Score of 84, Proscenium is walkable to more than 50 best-in-class restaurants and retailers, including the Colony Square mixed-use development. The building’s prime Midtown location provides easy access to I-75 and I-85, and is just steps away from two MARTA stations. Additionally, the region’s top arts and entertainment venues – the High Museum of Art, Alliance Theatre, Fox Theatre, and the Atlanta Symphony Orchestra – are all within walking distance. The tower is surrounded by eight top colleges and universities, and is conveniently located near 10 hotel options.

“With an unbeatable location in Midtown, Proscenium offers one of the most invigorating office experiences in Atlanta,” said JLL’s Taylor. “The tower gives employees the opportunity to work in a place that they want to be – surrounded by top-of-the-line amenities, incredible restaurants and unmatched retail and entertainment options. Proscenium is the workplace of the future, and our team is confident in our ability to successfully market its unique competitive advantages.”

Even as occupiers continue to evaluate their footprints, companies are still signing new leases. According to JLL research, the total square footage of new deals signed in the first quarter surpassed the previous quarter’s totals. As the volume of new construction slows, JLL predicts that tightened supply in the short-term will increasingly draw tenants to high-quality assets like Proscenium, playing into the continued flight-to-quality trend.

Manulife Investment Management’s real estate platform provides investment solutions globally as part of its comprehensive private markets’ capabilities. As of March 31, 2023, our sustainably operated platform offers core, core-plus, and value-add strategies spanning over 73 million square feet of office, industrial, retail, and multifamily assets strategically located in Canada, the U.S., and Asia Pacific. The real estate investment team leverages its global platform and asset management expertise to engage with and understand local markets, and to drive results for its investment clients.