Arby’s to Relocate HQ in Atlanta
- Feb 12, 2018
Arby’s Restaurant Group Inc. has signed a 12-year lease with Columbia Property Trust to occupy 161,000 square feet at Three Glenlake in Atlanta’s Central Perimeter submarket.
Comprising 355,000 square feet, Three Glenlake is part of a two-building, Class A office campus owned by Columbia. The company invested $3 million in renovations at the adjacent One Glenlake building, which included upgrades to the lobby and shared outdoor common areas, as well as the addition of an onsite café.
Soon to be the company’s new headquarters, the property is currently 100 percent leased to Newell Brands until March 2020. However, Newell has agreed to give back the 161,000 square feet of space, roughly 45 percent of the building, in January 2019. Arby’s lease will begin in August 2019 and will run until September 2031.
“We are very pleased that Arby’s has selected Three Glenlake to serve as its corporate headquarters,” said Kevin Hoover, senior vice president of Portfolio Management for Columbia Property Trust, in a prepared statement. “This lease addresses a substantial portion of Newell’s space and marks the beginning of our multi-tenant strategy at this exceptional asset.”
Image courtesy of Columbia Property Trust