Microsoft to Anchor 224 KSF Office Complex in Metro Atlanta
- Jun 10, 2016
Atlanta–International real estate firm Hines, along with Atlanta-based Cousins Properties, have signed a 43,000 square-foot lease with Microsoft Corp. at 8000 Avalon, a 224,000-square-foot Class A office building in Alpharetta, Ga. Microsoft was represented in the lease negotiations by Pete Shelton and Drew Levine of Colliers Atlanta.
“We are thrilled that Microsoft will anchor our new 8000 Avalon office development with Cousins,” stated John Heagy, senior managing director at Hines. “Microsoft is an exceptional global company at the forefront of technology and innovation. We look forward to a strong relationship with Microsoft for many years to come.”
Hines and Cousins entered into a joint venture to develop the 10-story, $72 million project, which is still currently under construction. The mixed-use development will feature 580,000 square-feet of retail and restaurant, as well as the 325-key Hotel Avalon and Alpharetta Conference Center, both part of a first class Marriott-affiliated Autograph Collection hotel. Initial occupancy is slated for the second quarter 2017, and with the signing of the Fortune 500 software company, 8000 Avalon is now 19 percent leased.
“Cousins and Hines are very excited that Microsoft chose 8000 Avalon as its future Atlanta home,” added Larry Gellerstedt, president & chief executive officer of Cousins. “Being part of 8000 Avalon puts Microsoft at the center of a vibrant mixed-use district.
Microsoft is scheduled to leave its longtime home at Sanctuary Park in the second quarter of 2017.
Image courtesy of Cousins Properties.