After the Great Recession, Atlanta’s tallest skyscraper, the Bank of America Plaza building, was relegated to a husk of its former self, foreclosed upon and hemorrhaging tenants.
Now, though, it seems the 55-story structure is making a lasting comeback, leasing-wise.
This week, building owner Shorenstein Properties announced it had secured leases for more than 80,000 square feet of new occupancy with the help of trucking logistics firm Convoy, which recently grew its footprint at the building.
The building’s so-called “leasing boom,” as officials put it, has brought in a slate of tech companies, including Convoy, which just signed an expanded leased for 49,000 square feet.
Other new tenants and lease expansions include London-based packaging company D.S. Smith (13,000 square feet), consultancy Itineris (8,000 more square feet), Tin Roof Software (8,000 more square feet), financial firm Groundfloor (4,000 more square feet), and software company Florence Healthcare (4,000 more square feet).
The signings, as officials stressed, represent several hundred new jobs being added in a single Midtown location.
“This latest round of leasing activity reflects renewed interest in South Midtown as Atlanta’s next ‘must-visit’ destination thanks to a bevy of new mixed-use projects taking shape around the building that resonate with today’s workforce,” said Christopher Caltabiano, Shorenstein Properties’s senior vice president of asset management, per a press release.
It also doesn’t hurt that Bank of America Plaza has been undergoing substantial renovations.
Shorenstein recently wrapped a $10 million upgrade to the building’s West Wing, which brought, among other new amenities, a 17,000-square-foot food hall, a 17,000-square-foot gym, and a Starbucks in the main lobby.
This story was updated on December 18, 2019 at 9:12 a.m. for clarity.