JLL completes transactions at notable Buckhead highrise

ATLANTA (Oct. 26, 2023) – JLL today announces two significant office deals at Salesforce Tower in Buckhead on behalf of the owners, Banyan Street Capital (Banyan) and KKR. Rubicon (NYSE: RBT) has renewed its 6,338-square-foot lease, and Clearent by Xplor has signed on as a new tenant to the building for 18,134 square feet.

JLL’s Senior Managing Director Brooke Dewey, Managing Director Jeff Taylor and Senior Vice President Caroline Fisher represented the landlord in the transaction.

“Of course, this is a well-capitalized building that is known for its amenities – the Peloton bikes and sauna in the premium fitness facility, for example. But the real magic of this building has been the innovation and talent emerging,” said Dewey. “Some of Atlanta’s top technology companies are located here, inspiring a constant stream of ideas and industrious collaborations within Salesforce Tower.”

Salesforce Tower is an amenity-rich environment with immediate access to Path 400 and Marie Sims Park, as well as covered, direct access to MARTA and The Buc rideshare service. With its collaborative spaces in the lobby and newly renovated conference facility, tenants have an abundance of options for breakout sessions and meetings. The 2.8-acre property also has connected outdoor living room access, a gourmet coffee shop and EV charging stations.

“Our renovation strategy introduced unique amenities to the tower, including a several food and beverage options, high-end conferencing and one of the best fitness offerings in the submarket; differentiating it as a destination workplace for heavy hitter corporate and private users,” said Zac Gruber, President of the office division at Banyan.

Rubicon, a leading provider of software-based waste, recycling and fleet operations products for businesses and governments worldwide, has been a tenant at Salesforce Tower for eight years. Clearent by Xplor is a leading full-service payment solutions provider who serves over 800 partners and 66,000 businesses worldwide. Clearent by Xplor will be vacating their office space at Piedmont Center and moving their 165 Atlanta-area employees to their new space at Salesforce Tower.

“This set of transactions really underscores the story beyond the headlines,” added Taylor. “While the nature of offices has evolved, their intrinsic value remains clear. Tenants want to be in high-quality space in well managed buildings with committed and well capitalized owners, and Salesforce Tower showcases the blend of productivity and flexible spaces that employees need.”

The Buckhead submarket is the premiere destination for regional and national firms, which benefits from a highly educated labor force. Approximately 22% of Atlanta’s Gen Z population lives in Buckhead, and that number is projected to grow 10% in the next five years. JLL’s Q3 Atlanta Office Insight report shows Buckhead having the highest positive absorption of Class-A office in Atlanta for the quarter.

Newmark represented Rubicon, and CBRE represented Clearent in the transactions.

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