By Douglas Sams Commercial Real Estate Editor, Atlanta Business Chronicle
Real estate deals have slowed amid the Covid-19 pandemic, but at least two suburban Atlanta office developments are seeing a flurry of recent leasing transactions.
In Alpharetta, financial services company Merchant e-Solutions has decided to relocate its headquarters to the sprawling Sanctuary Park project, where it will occupy 53,000 square feet.
The move comes over four years since Merchant e-Solutions put its U.S. headquarters in Buckhead. At the time, it was expected to invest $5 million its office at Live Oak Square and create at least 140 jobs.
In its relocation to Alpharetta, Merchant e-Solutions was represented by Addison Meriwether of Cushman & Wakefield.
At more than 150 acres, Sanctuary Park is one of the largest suburban Atlanta office developments along Georgia 400. Jeff Bellamy and Adam Viente with Jones Lang LaSalle Inc. represent Sanctuary Park owner Rubenstein Partners L.P. in lease negotiations.
Rubenstein Partners has inked at least 230,000 square feet of recent leases at Sanctuary Park. Other companies that have leased space at the project this year include consumer credit reporting company TransUnion (NYSE: TRU) and Ciena Corp. (NYSE: CIEN), a networking systems, services and software company.