CBS Radio Signs Lease Renewal at Midtown Landmark
Cushman & Wakefield has arranged a 28,000-square-foot lease renewal with CBS Radio at Colony Square, located in the heart of Atlanta’s Midtown submarket. Andy Sumlin, Sonia Winfield and Laura Power of Cushman & Wakefield represented the landlords, North American Properties and Lionstone Investments, in the transaction, and Sam Hollis and Ken Ashley of Cushman & Wakefield represented CBS Radio.
“With a major renovation about to begin at Colony Square this fall, CBS Radio decided to extend its lease and commit to a long term lease,” Sumlin said. “North American Properties and Lionstone Investments have a great vision for Colony Square becoming Midtown’s “living room” at main and main, which has made it one of Atlanta’s most sought-after properties for office space.”
At the heart of Midtown, Colony Square features two office towers totaling 720,000 square feet, residential condos, a 467-room W hotel and 163,000 square feet of retail space. The property is undergoing a considerable renovation with the help of a highly regarded team, including urban planner Jeff Speck and architecture firms Beyer Blinder Belle and Lord Aeck Sargent. The first phase, an overhaul of thestreet level retail space in 100 & 400 Colony Square, is slated for completion in December 2018.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.