Piedmont Drops $20M on Atlanta HQ Expansion
Piedmont Healthcare Inc. is building out its new headquarters at Atlantic Station’s tallest office building. The health care giant is leasing about 164,000 square feet at the 25-story tower, consolidating its system support departments into one location. Piedmont will be spread across multiple floors, including levels 7, 8, 9, 10, 23, 24 and 25. The company could spend $22.4 million on the buildout, per the permits.
The Atlanta Business Chronicle reports Piedmont’s lease is among a growing number of large office deals completed this year in Atlanta.
Signs suggest companies feel greater confidence about their office-leasing decisions, prompting a bump in touring and leasing activity in several U.S. markets. The uptick coincides with a more-certain economy and a bigger push by companies for their employees to be back in the office.
Real estate services firm Cushman & Wakefield represented landlord Lionstone Investments in the deal. Piedmont was represented by Bo Keatley, David Rubenstein, John Flack and Michael Broome of Savills.
