JONES LANG LASALLE - OFFICE AND RETAIL HIGHLIGHTS

JONES LANG LASALLE

O F F I C E

H I G H L I G H T S

Atlanta

Chris Wasko +1 404 995 2206

Lanie Rea +1 404 995 6502

Lease Transactions

Georgia Department of Transportation signed a new lease for 267,854 s.f. at One Georgia Center.
At Bank of America Plaza, Frazier & Deeter signed a new direct lease and expanded to
60,000 s.f.
Two leases were signed at Peachtree Center:
- Atlanta Convention & Visitors Bureau signed a new lease for 31,700 s.f.
- Intelliteach leased 11,500 s.f.
Two leases were signed at 191 Peachtree:
Fields, Howell, Athans & McLaughlin, LLP leased over 26,000 s.f.
Merchant & Gould PC leased 19,000 s.f.

Active Requirements

Deloitte & Touche is in the market for almost 200,000 s.f. and is focused on 191 Peachtree for a possible consolidation
Hunton & Williams law firm has a 130,000 s.f. requirement and is also considering Midtown
Munich American Insurance is in the market for 60,000 s.f.
Behavioral Health Link is looking for approximately 15,000 s.f.

Invesco Plc signed a new lease for 178,000 s.f. at Two Peachtree Pointe.
Ford & Harrison signed a new lease for 52,000 s.f. at 271 17th Street in Atlantic Station.
At 1180 Peachtree, Woodcock Washburn leased 12,174 s.f.

Three leases were signed at 3344 Peachtree:
- Littler Mendelson PC leased 33,000 s.f.
- Staubach Corporate Services Division signed a new lease for 15,000 s.f.
- Aubrey Daniels International leased 9,000 s.f.
At Terminus 100, Wilmington Trust signed a lease for 22,500 s.f.
HQ Global Workplaces renewed for 20,270 s.f. at Tower Place 100.

Interpublic remains in the market for 100,000 s.f.
AON is still in the market with a 70,000 s.f. requirement.
Trimont is in the market for approximately 60,000 s.f.
Turner Construction is looking for 35,000 s.f.
American Software is in the market with a 25,000 s.f. space requirement.
Mazursky Constantine is in the market for 20,000 s.f. and is also considering Midtown.

AutoTrader sublet approximately 193,000 s.f. at 245 Perimeter Center.
Leases signed this quarter at the South Terraces included:
- iHealth leased nearly 70,000 s.f.
- AOL signed a new lease for 7,913 s.f.
Two leases were signed at 3003 Summit Boulevard:
- Eastman Kodak Company renewed their lease for just under 50,000 s.f.
- Flagstar Bank leased over 6,000 s.f.
Haverty’s Furniture Companies, Inc. signed a renewal for roughly 49,000 s.f. at Centrum at Glenridge.
Reznick Group expanded into an additional 24,500 s.f. at 2002 Summit Boulevard.
Barrickman, Allred & Young leased 10,000 s.f. at Lakeside – Bldg E.

At Windward Concourse, Travelers Indemnity Company signed a new lease for 177,715 s.f.
Nortel Networks Inc. leased almost 40,000 s.f. at One Deerfield Centre.
GE signed a lease for 21,500 s.f. at 200 Milton Park.
At The Park at Windward Concourse, Arrow Electronics Inc. leased 21,000 s.f.
At Brookside Concourse, Applied Systems Intelligence leased 19,530 s.f.
HQ Global Workplaces renewed their lease for 19,251s.f. at Northwinds I.
Textron Financial Corporation expanded into an additional 10,000 s.f. at Royal Centre Two.

The University of Georgia signed a lease for 60,000 s.f. at Intellicenter.
At Huntcrest I two leases were signed:
- American Express leased 51,825 s.f.
- Office Suites Plus leased 20,456 s.f.
Universal Avionics Systems Corporation leased 27,000 s.f. at Park Summit.
SunTrust Mortgage Inc. signed a new lease for 17,260 s.f. at Huntcrest II.
Element Funding sublet 2,670 s.f. at Peachtree Ridge.

AdvanceMe Inc. leased just over 50,000 s.f. at 500 Barrett Office Center.
Allconnect Inc. leased 24,682 s.f. of call center space at Riveredge Summit.
At Atlanta Galleria – Bldg 400, Harbor Payments expanded into an additional 24,590 s.f.
At Cumberland Center II, the Societe International de Telecommunications expanded into 12,380 s.f.

Solvay Pharmaceuticals is in the market for 110,000 s.f.
GE Commercial Finance is in the market for 100,000 s.f., and is rumored to be focused on Wildwood.
American Family Insurance is looking for 40,000 s.f.
Allconnect Inc. has an additional Northwest requirement for 35,000 s.f. of professional office space.
Waste Management has up to an 18,000 s.f. requirement.

Building sales of note:

North X Northwest – Overlook Building in the Northwest submarket (32,715 s.f., Class B) sold to Bakshi Enterprises for $2.84 million ($87/s.f.). The sellers were Streetcar Properties LLC and Haven Cobb Properties LLC.
5655 Peachtree Parkway in the Northeast submarket (50,901 s.f., Class A) was sold by Century Pacific Mortgage Corp. The buyers, Scott and Julia Rodriguez, purchased the building for $5.2 million ($102/s.f.).
Northchase Office Park - 1165 Northchase Parkway in the Northwest submarket (85,152 s.f., Class B) was purchased by Westminster Northchase LLC for $8.4 million ($99/s.f.). The seller was CMD Realty Investment Fund III LP.
Mansell 400 Business Center in the North Fulton submarket (5 buildings, 188,400 s.f., Class B) sold to Block and Company Inc. for $22.1 million ($117/s.f.). UBS Wealth Management/Colonial Properties Trust was the seller.

Ben Carter Properties plans to begin construction next quarter on Buckhead Esplanade (300,000 s.f., Class A) as part of the Streets of Buckhead project.
Carter has plans to begin construction in the coming months on Lindbergh City Center in Buckhead (250,000 s.f., Class A).
Crocker Partners is set to break ground first quarter 2008 on Two NorthPlace (230,000 s.f., Class A) in the Central Perimeter submarket, and expects a late 2008 delivery.
At Sanctuary Park in the North Fulton submarket:
- Stonebridge II (141,805 s.f., Class A) delivered during the fourth quarter and is 100 percent leased to Verizon Wireless.
- November 2008 deliveries are planned for two buildings under construction:
  - Oak View III (200,135 s.f., Class A)
  - Stonebridge III (161,637 s.f., Class A)
Transwestern broke ground this quarter on The Davinci Building in the Northeast submarket (77,142 s.f., Class A), with delivery expected third quarter 2008.