The lease transactions include:

• Coxe Curry (11,719 RSF), a fundraising consulting firm serving nonprofit organizations throughout Georgia.

• Tull Charitable Foundation (2,381 RSF), an organization that builds partnerships and invests about $3.5 million a year in nonprofits that focus their experience and expertise on promoting racial equity through their work. The R. Howard Dobbs Jr. Foundation, which donates about $2.5 million a year in support of Georgia’s K-12 public schools and teachers, and the Sartain Lanier Family Foundation, which donates about $5 million a year in support of literacy instruction, afterschool and summer programs, and college and career readiness for Atlanta’s K-12 students, are sharing the space with the Tull Charitable Foundation. The three foundations benefit from the collaboration and community-feel of a shared office, while also saving on expenses.  

• Daspit Law (5,003 RSF), a personal injury law firm. 

• Durham Law Group (4,275 RSF), a personal injury law firm.

• Mones Law (2,391 RSF), a criminal defense and civil law firm.

• Integral (13,599 RSF), a vertically integrated real estate development and investment firm focused on the revitalization and enhancement of urban communities.

Additionally, Banyan is well underway on its spec suite program at 191 Peachtree. Two of the three suites on the 40th floor were leased to the Tull Charitable Foundation and Daspit Law. Four more spec suites are being marketed on the 37th floor. CBRE’s Kyle Kenyon and Chris Port manage office leasing on behalf of Banyan and Oaktree. 

The spec suite program at 191 Peachtree comes as part of Banyan’s larger portfolio-wide strategy. Over the last four years, Banyan has delivered more than 400,000 square feet of speculative and pre-built suites across its 11 million-square-foot portfolio. 

President of Banyan’s Office Division, Zac Gruber, said: “By pursuing this strategy effectively and methodically, Banyan is experiencing as much as 30% of the new leasing absorption in submarkets where we are most aggressive. Understanding demand and responding to it with active asset management of the building stack is one of the most critical things an office investor can do today. We are certainly seeing this strategy pay off at 191 Peachtree.”

Anchoring Peachtree Street with its iconic architecture and market-leading amenity offering, the skyscraper features a grand lobby entrance with Land of a Thousand Hills serving up specialty coffee and baked goods. Banyan is also working through lobby renovation plans to create more gathering places for tenants and further upgrade the food and beverage experience, which already includes Alma Cocina, the 49th floor Commerce Club, and direct access to the Ritz Carlton’s food and beverage program.  

 “This is one of the best capitalized office properties in downtown with material term left on our loan and ample reserves built up to deal with future leasing,” said Gruber. “We’re looking to the future positively and investing back into the asset as we’ve seen demand increase in the second half of 2023 at a time when many competitive properties struggle with pending maturities and liquidity issues.”

Elsewhere in Metro Atlanta, Banyan has signed more than 100,000 square feet in office leases at Satellite Place in Gwinnett County. The property is experiencing its best leasing year ever, driven by demand from a mix of legacy and developing sectors, including the electric vehicle industry. Banyan has also partnered with Greystar on the construction of a 328-unit, best-in-class multifamily community at Satellite Place to be known as Elan Satellite Place.