11/01/2017 20:37:54

Sumitomo Corporation of Americas Taps Transwestern to Lease 1.5 Million SF

ATLANTA, Jan. 11, 2017 (GLOBE NEWSWIRE) -- Transwestern today announces it has been retained by Sumitomo Corporation of Americas to provide leasing services for two Class A office assets totaling more than 1.5 million square feet. The two properties were recently acquired by Sumitomo for a combined total value of $442.5 million.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c43012cb-f8bb-4dbf-8079-8fdddf3d2dc0

“We have a long-standing, trusted and successful relationship with Sumitomo and worked to provide a vision and strategy for these assets that would exceed their expectations,” said Bruce Ford, Transwestern’s Southeast president. “Our leasing and property management teams will work in strategic concert with Sumitomo to ensure we achieve every objective for these assets and capitalize on market dynamics to achieve these assets’ incredible potential.”

AFC is a three-building, 914,774-square-foot office complex at 3353 Peachtree Road, NE. This asset is the largest property in terms of square footage that Sumitomo has purchased to date. Transwestern will oversee impending renovations at AFC, which currently stands at 85 percent occupied, to create a more energy efficient property and raise its profile to the top of the market.

Managing Director Glenn H. Gregory will lead the leasing team for Miami Tower, a 47-story, 619,093-square-foot core office tower in Miami’s Central Business District. Located at 100 SE 2nd Street, the building features direct highway access and a transit-friendly location, making it a top destination for corporate tenants. Transwestern currently provides management services for the property, led by Senior Vice President Andrea Lopez.

“Sumitomo expertly acquires assets that define the cities where they are located and enhances their value through keen operating principals,” continued Ford. “We will continue this strategy by focusing on people, process, and place and creating a community within each asset to retain and attract the leading businesses to these assets.”

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Southeast region, follow @TranswesternSE.

ABOUT SUMITOMO CORPORATION OF AMERICAS

Sumitomo Corporation of Americas has almost 30 years of real estate investment and development experience in the U.S. With investments in commercial office buildings, multi-family communities, planned developments and single family homes, the Company maintains a diverse and balanced real estate portfolio. Throughout the years, SCOA has been an active investor in the commercial market, acquiring and selling properties in New York, San Francisco, Washington D.C., Los Angeles, Phoenix, Tempe and Miami. SCOA's current office building investments include 450 B Street in San Diego, acquired in 2013, 203 North LaSalle in Chicago, acquired in 2014, and Miami Tower and Atlanta Financial Center in 2016.

Media Contact:

Deidre Krause

305.710.8500

deidre@stir-communications.com

twmediarelations@transwestern.com

Primary Logo

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
11 Jan
OMXC20
  Du skal vide, hvor meget det selskab, du vil investerer i, reelt er værd, før du investerer. Hvi..
49
13 Jan
ZEAL
Goodwrench, jeg har i lang tid ignoreret dine destruktive indlæg og havde håbet på, at alle øvrige s..
43
12 Jan
NOVO-B
  Jeg har tidligere (blandt andet i indlæg senest 29/10, 28/9 og 8/8 2016) analyseret Novo og offent..
43
13 Jan
VWS
Vestas er et andet bud på en kursspringer på den korte bane.   Årsregnskabet burde være triggeren de..
27
13 Jan
BAVA
Det har været diskuteret om udskydelsen af 3. kig og Fase 3 data vedr. Prostvac er positivt eller ne..
27
16 Jan
COLUM
Debatten her på EI handler om aktier og børsnoterede selskaber.   Da jeg regner med, at langt størst..
26
14 Jan
VWS
Jeg sidder lige her en stille lørdag formiddag, og tænker lidt over Vestas situation, og kursudvikli..
25
13 Jan
 
Efter laaaaaaaaaaaaaang tid på debatten har jeg gjort lidt status. Jeg har købt BAVA på gennemsnitli..
23
14 Jan
DSV
Normal 0 21 false false false DA X-NONE X-NONE ..
22
16 Jan
BO
Hvorfor køber du ikke en bannerreklame her på Euroinvestor, så vi andre ikke behøver at skulle sorte..
20

Holding(s) in Company

18/01/2017 15:41:28
For filings with the FCA include the annex   For filings with issuer..

HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc

18/01/2017 10:06:39
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Alliance Trust PLC : Transaction in Own Shares

18/01/2017 07:00:19
18 January 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 17 January 2017 the Comp..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Höegh LNG : New FSRU contract with HHI and contract allocation update
2
Global EFI Customers Jumpstart their Business Opportunities in 2017 at Sold-out Connect Conference
3
Neste rebrands its renewable diesel to Neste MY Renewable Diesel in North America
4
Höegh LNG : Signed firm agreement with Samsung Heavy Industries for its next series of FSRUs
5
Hingham Announces 21% Increase in Annual Earnings and 15.59% Return on Equity

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
18 January 2017 20:05:28
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170103.1 - EUROWEB1 - 2017-01-18 21:05:28 - 2017-01-18 20:05:28 - 1000 - Website: OKAY