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For Immediate Release
September 15 , 2006
Regent Partners, LLC Announces Premier Tenants for 3344 Peachtree
The Prestigious Buckhead Club to Top the Building -- First Horizon Bank Selects Tower as its State Headquarters
ATLANTA - Atlanta-based Regent Partners, LLC, today announced that its mixed-use 50-story vertical development along Buckhead's Peachtree corridor is approaching 25 percent pre-leased with nearly 100,000 square feet of space under lease and significant additional commitments now being negotiated. The nearly 500,000 square foot office and retail portion of the building is scheduled for occupancy in early 2008. Topping what will soon become an Atlanta landmark architectural sculpture are 93 luxury residences named SOVEREIGN. The residences will commence occupancy in the summer of 2008.
Leases have been executed with the following signature tenants:
- First Horizon Bank (NYSE: FHN) will occupy some 33,000 square feet of space including a new 4,600 square foot full service, signature retail branch fronting and accessible from Peachtree Road.
- The prestigious Buckhead Club, long one of the City's most notable and successful city clubs, will relocate to 3344 Peachtree and incorporate nearly 20,000 square feet of space on the buildings 26 th story; undertaking a design and service offering that will provide the city's most unique private club. The Buckhead Club will offer its customary high level of service, and will also provide a limited number of membership upgrade opportunities in the adjacent Executive Spa and Fitness Center that the Club will operate for the building's residential homeowners.
- The Buckhead Life Restaurant Group is planning a nearly 9,000 square foot signature restaurant for the street level of the building which will open onto the new pedestrian oriented Peachtree Boulevard project that is currently being created and upon which 3344 Peachtree will be centered.
- Regent Partners, LLC , will relocate its corporate headquarters from 3348 Peachtree Road and occupy some 15,000 square feet.
"We enthusiastically welcome our first group of tenants to 3344 Peachtree and we are delighted that they share our vision for this remarkable project," said David Allman, Chairman, Regent Partners, LLC. "Our inspiration for this building, from its striking architecture, to its confluence with the new Peachtree Road pedestrian boulevard, to its true integration of work and living, is becoming reality as the building comes out of the ground and with the support of our first tenants," added Allman.
David Tennery, Principal, office properties and development, Regent Partners, LLC, said, "Interest in 3344 Peachtree has been considerably stronger than what is typical at this early stage of a new office development. We attribute this to a combination of the project's unique assets that include: the building's Peachtree address and the transformation of the nearby streetscape; the 24/7 private access to the Buckhead Loop that makes all of Buckhead's major arteries, including State Road 400, immediately accessible; the striking architecture which enables spacious floor plates for tenant design; and added to all of this, the superior quality of amenities offered within the building."
Tennery, adds, "We are being told by prospective tenants that 3344 Peachtree is simply the best-of-the-best when it comes to a mixed-use environment. And as a team, Regent Partners is dedicated to delivering a centerpiece for the new Peachtree Boulevard that exemplifies the ultimate live, work and play environment."
About 3344 Peachtree
3344 Peachtree is emerging as an address of distinction. The building's construction is well underway with construction pacing at about one story per week putting it on schedule for spring 2008 occupancy. Ultimately, 3344 Peachtree will soar above Atlanta's skyline at 635 feet with 50 stories making it the tallest building constructed in Atlanta in nearly 15 years. Designed by world-renowned architects Smallwood, Reynolds, Stewart, Stewart and Associates, the striking modern tower breaks from the traditional square or rectangular building geometries. It is an expression as a composition of subtly curved forms that allows the tower to appear as gently rotating upwards from Peachtree to finish as a signature statement on the Atlanta skyline.
From street level the building will provide a warm and inviting promenade, and inside the building will exude an equally inviting charm. The 93 exclusive two and three bedroom condominium homes are priced from $1 million and will have a dedicated private Lobby and Concierge Club Service on the 28 th level. The office floors will occupy levels 8 to 26, and provide amenities and services for the evolving needs of business. The architects and designers have configured the floor plates offering a high level of space planning efficiency for business, as well as anticipating the many changes in corporate business paradigms in creating work-space. The interior will accommodate the flexibility necessary in today's mobile workforce, allow for incorporation of tomorrow's technology needs, and integrate comforts that appeal to fast-paced, reactive business.
For more information about sales and leasing, contact: David Tennery, principal, office properties and development, Regent Partners at dtennery@regentpartners.com , or at 404.364.1400.
Regent Partners
Established in 1988, Regent Partners, LLC is a leading Atlanta-based real estate development, investment and services firm. Currently the partnership has more than $400 million in development projects under construction. Since its inception the company has acquired and developed more than 10 million square feet of office, residential and hotel space valued in excess of $1.4 billion. Regent Partners' diverse portfolio includes hotel, residential, office, retail, mixed-use and land holdings. The senior management team consists of executives with more than 150 years of combined experience developing, managing, leasing and constructing commercial real estate assets. For more information about Regent Partners, visit www.regentpartners.com .
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Media Contact:
Gayle MacIntyre
Global Ink Communications
404-643-8222
gaylemacintyre@aol.com
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