CBRE Global Investors announced today it signed a full-floor, 10-year lease at The Collective at Concourse with USI Insurance Services (“USI”), one of the largest insurance brokerages and consulting firms in the world.
The firm will take nearly 40,000 square feet of premium office space at the Class A office campus known for its picturesque greenspace, cutting-edge office space and wide array of next-generation amenities. Relocating from Buckhead to the Central Perimeter, USI will occupy the 7th floor of Concourse Building I and is slated to move in later this year.
The owner was represented by Jeff Keppen and Nicole Goldsmith of CBRE. Pete Shelton and Andrew Waguespack of Colliers International represented the tenant.
“The continued growth and success of USI necessitated a search for a dynamic work environment that would engage our workforce and effectively address our real estate needs for the decade ahead,” said James Dunn, regional CEO at USI Insurance Services. “The Collective at Concourse is the ideal base for our Atlanta team. We can fit all of our departments on a single floor, which will strengthen USI’s ability to conduct business with our clients locally, regionally, nationally and across the globe. Our final move-in date remains fluid given current events, but we look forward to opening a new chapter of growth and prosperity in the Central Perimeter.”
In recent years, the Central Perimeter has experienced tremendous growth, emerging as a strong contender for companies looking to establish roots in a high-powered, well-connected region. As a transit node with convenient access to Atlanta’s CBD and a wealth of retail, entertainment and dining options, the urban-suburban district has attracted several national and international businesses, which view the area as an ideal alternative to intown corporate hubs such as Buckhead and Midtown. Even in the midst of the coronavirus pandemic, ground-up development is robust, and the influx of talent continues to rise, positioning the submarket as a worthy investment.
“We are seeing sustained interest from world-class companies who understand the connection between an amenity-driven, tech-focused office space and a vibrant workplace location for a new generation of employees,” said Mark Zikakis, Principal and Head of Commercial Asset Management – Americas at CBRE Global Investors. “As the office market undergoes significant shifts in the months and years ahead, The Collective at Concourse is optimized to stay ahead of the curve through a nimble and flexible framework that can proactively address evolving tenant wants and needs. The future of Concourse is bright, and we welcome USI to our growing workplace community.”
CBRE Global Investors has executed more than 150,000 square feet of new or expanded lease agreements since assuming ownership of The Collective at Concourse in November 2017. The buildings are currently 93% occupied.
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