ATLANTA--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has signed a lease renewal and expansion with Regus, one of the world’s largest providers of shared office space, to occupy 39,643 square feet at One Glenlake Parkway in Atlanta. This lease, together with an additional 7,141-square-foot lease also just signed for the single remaining available suite at the building, takes the recently renovated Central Perimeter office tower to 100 percent leased. With these agreements, Columbia’s entire, 1.7 million-square-foot Atlanta office portfolio, which also includes Three Glenlake and Lindbergh Center, is now 100 percent leased.
Under Regus’ 130-month lease, the company will remain in 26,720 square feet across the entire seventh floor and expand to an additional 12,923 square feet on a portion of the sixth floor. A tenant at the building since 2006, Regus will use the space to open the newest Atlanta location of Spaces, its full service, creative working environment that fosters a unique entrepreneurial spirit.
The Regus renewal and expansion was executed only a month after Columbia announced the completion of 92,000 square feet of leasing for five new tenants at the property, including a new 66,000-square-foot lease with healthcare technology provider Cotiviti. This surge in leasing was driven in part by the completion of Columbia’s approximately $3 million reimagining and modernization of One Glenlake, which included the renovation of common areas and installation of high-end finishes to enhance the building’s exclusive package of tenant amenities.
“Taking One Glenlake to 100% leased validates our efforts to create a best-in-class office environment, with high-end design, extensive amenities, and nontraditional collaborative areas,” said Nelson Mills, president and CEO at Columbia Property Trust. “These innovative upgrades created the perfect fit for Regus’ next Spaces location, while also attracting several other key tenants.”
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings primarily in high-barrier-to-entry, primary markets. Our portfolio includes 16 operating properties containing eight million square feet, concentrated in New York, San Francisco, and Washington, D.C. Columbia carries an investment-grade rating from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.
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