PwC hires CBRE for relocation opportunities - Minneapolis / St. Paul Business Journal:

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has hired CB . as its strategix real estate adviser forthe firm’s Atlanta office. New York-based PwC leasew about 150,000 square feet at 10 Tentn Street. The lease expires in late 2012. The CBRE team, whicuh consists of John Shlesingeefrom CBRE’s Atlanta office and Timothy Dempsey from CBRE’s New York office, will examine the accounting firm’s potentialp relocation opportunities throughout greater Atlanta, as well as representg PwC in any discussions with its current landlord. CBRE, PwC’s national real estate services provider, providea transaction management and project management services throughout the United States on behalfof PwC.
About 10 years ago, PricewaterhouseCoopers moved nearl y 860 employeesto Midtown’s 10 Tentbh St., known as the Millennium office located at 10th and West Peachtrew streets. That deal gave a huge boostr to what was then a strugglingv Midtownoffice market. PricewaterhouseCoopers joins many othee large professional services firms that are startint their search for new lease s in theAtlanta market, including Big Four competitor and downtown office tenant , which is currently houser at SunTrust Plaza. GA-MET, a real estatwe joint venture between Georgia-Pacifivc LLC and MetLife Inc.
, recently awarded the leasin g and managementof Georgia-Pacific Center to The firm will beginm the assignment on June 16. has beenmarketing and managinghthe 52-story,1.1 million-square-foot tower at 133 Peachtre e St. Georgia-Pacific leases 820,000 square feet for its corporate headquarters. Georgia-Pacific Center has about 124,000 square feet of contiguou space available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinv is 87 percent leased. Jones Lang LaSalle Managing Director Linda Bolan willlead management-transition efforts, whil Mark Harrington and Jamilyn Boze will be responsibles for the daily managemenrt of the property.
Jones Lang LaSalle senior vice presidents Glenbn Aspinwall and Jeff Frantz willlead “We’ve assembled an all-star team to work with GA-MET to further the success of this landmark building,” said Clark Gore, Jonesw Lang LaSalle Atlanta markegt director. “It’s a great asset and a terrific opportunit y to continue to prove our capabilitieds and the quality of our Atlanta leadership Leasing and management ofthe Georgia-Pacific Centef adds to Jones Lang LaSalle’s significant downtown The firm also leases 230 Peachtree Streett and manages the United Way of Metropolitan Atlanta Inc.’s downtown headquarters.
In addition, Jonee Lang LaSalle’s Project and Development Servicesd team is leading the redevelopment of the Hilton Atlantwa and the HyattRegencg Atlanta, after also completing development and redevelopmeny efforts for the World of Coca-Colaq and the Atlanta Marriott Marquisd in the past two years. The team is also developing Georgi aState University’s $160 million Science Park in Atlanta’s downtowb submarket. Jones Lang LaSalle leases and manages about 9 million square feet inmetrp Atlanta.
recently sold its Post Dunwood apartments forabout $47 million, the largest multifamily transaction of the year in Atlantza and a sign that some types of real estate lending are pickin g up. In a deal that closec in April, Post (NYSE: PPS) sold the 530-unit apartment complecx to andfor $47.44 million, or $89,434 a unit. Fulton County had valueds the property atnearly $51 or about $97,000 a Freddie Mac (FRE) originated a nearly $36 millionn loan to fund the transaction, accordin g to The deal resulted in a 75 percent loan to