Stream Realty to lease 438 KSF Atlanta tower

Granite Properties has selected Stream Realty Partners as the exclusive leasing agent for 3630 Peachtree, a Class A+ office building totaling 438,000 square feet in the Buckhead submarket of Atlanta.

Stream’s leasing team includes general managers Glenn Kolker and Bryan Heller, as well as vice president Parker Welton. The Trophy Tower’s current tenant roster includes VML, Amwins Insurance Brokerage and Crescent Wealth Advisory, among others.

Granite Properties acquired the office skyscraper in 2022, when the company paid $202 million to seller Heitman, according to CommercialEdge. The property also secured a $135.2 million acquisition loan from Global Atlantic Financial Group. 3630 Peachtree has received LEED Gold, Energy Star, Fitwel and WELL Health-Safety Rated certifications.

The 34-story skyscraper includes eight elevators, 28,800 square feet of floor slabs, first-floor commercial space totaling 13,000 square feet, 127 residential condominiums and 1,166 vehicle parking spaces, according to the same source.

Amenities at 3630 Peachtree include a renovated fitness center, conference room with boardroom, multiple private meeting rooms for up to 65 people, and an executive boardroom. Other amenities include several on-site dining options, such as a Tomo Japanese restaurant, a French-inspired F&B restaurant, a café with breakfast and lunch options, while services include dry cleaning, security, valet parking and electric vehicle charging stations.

The office tower is close to several public transportation options, such as Buckhead and Lenox MARTA Station, as well as historic Brookhaven, while being 4 miles from DeKalb-Peachtree Airport, 8 miles from Midtown Atlanta and less than 13 miles from Hartsfield-Jackson Atlanta. International airport.

Office Offers in Atlanta

Atlanta’s office vacancy rate stood at 18.4% in April, 130 basis points below the national average, according to CommercialEdge’s latest office report. The average listing price was $31.68 per square foot, lower than the U.S. figure of $37.66 per square foot.

Recent office leases signed in the metro area include Lionstone Investments’ 164,221-square-foot lease with tenant Piedmonth Healthcare Inc. The company will relocate to 271 17th St., an office building totaling more than 540,000 square feet in the west Atlanta submarket.

In April, OA Development signed a 101,891 square foot renewal agreement at Peachtree Ridge, a nearly 160,000 square foot office building located in Norcross, Georgia. The tenant is Pond, who began his initial involvement in the property in 2005.