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
10 Oct
 
1) At hype sine egne aktier ved enhver given lejligheder.   2) At få de andre deltagere til at forst..
42
14 Oct
PNDORA
Har efterhånden læst mange indlæg om Pandora her på Euroinvestor. De fleste indlæg er enten beregne..
21
11 Oct
MATAS
  Jeg har længe fulgt med i Matas’ forretningsmæssige udvikling, fordi selskabet er udsat for mange ..
20
13 Oct
PNDORA
Det ligger klart for enhver at med vaekst rater over 10 procent om aaret, som vedholdende vil blive ..
16
09 Oct
FING-B
Hvem sidder der bag Skjærmen med porten på EI, med humlebryg for munden og om sin hals lidt gu..
14
14 Oct
VWS
Earlier this year, China's National Energy Administration announced it would spend $363 billion by 2..
10
13 Oct
VWS
Kommentarer, du svarede ikke på mit indlæg til dig sidst. Måske du ikke så det? Jeg stillede spørgsm..
10
15 Oct
VWS
Skotland's nationalist party har i denne uge annonceret at de arbejder frem imod at lave et nyt stat..
9
10 Oct
VELO
Har fulgt debatten fra sidelinien noget tid og ja Lasse, vi ved allesammen godt du er en narrehat. D..
9
16 Oct
VWS
Kommentarer, hvorfor anvender du nu en periode på 13 måneder, når du ser tilbage for at sammenligne ..
8

Admiral Group PLC : Director/PDMR Shareholding

29/09/2017 14:53:59
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1 Details of the person discharging managerial responsibilities (PDMR)/person closely associated with them (PCA) a) Name Annette Court 2 ..

Man Group PLC : Form 8.3 - [Clinigen Group plc]

29/09/2017 12:19:01
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Man Group Plc (b) Owner or controller..

Invesco Ltd. : Form 8 (DD) - IP Group Plc

29/09/2017 10:46:56
                                                            FORM 8 (DD) PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS) Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
New large agreement strengthens Solar's position in the future of home automation
2
Nexeo Solutions to Distribute Vydyne® PA66 From Ascend
3
Alabama Graphite Provides Corporate Update
4
ABLYNX ESTABLISHES SUBSIDIARY IN THE USA AND APPOINTS A GENERAL MANAGER
5
UNEX Exhibits Lineside Picking and Flow Cell Solutions at The Assembly Show

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
17 October 2017 02:56:40
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20171012.1 - EUROWEB6 - 2017-10-17 03:56:40 - 2017-10-17 02:56:40 - 1000 - Website: OKAY