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One of the most important advantages of hiring an experienced Atlanta commercial real estate broker for your search for new Atlanta office space is their market knowledge. Last week Highwoods Properties announced they were purchasing one of the prime Atlanta office buildings in the Buckhead Office Market, Two Alliance Center.
Another Atlanta office building, Powers Ferry Landing East, has a new building owner under much different circumstances. These two properties have very different owners and motivation to negotiate an office lease with your company.

Students and graduates looking for help in achieving their real estate career goals have a new resource.
The program is an initiative that enables graduates of select master’s programs from prestigious institutions of higher learning to become a Certified Commercial Investment Member (CCIM) at an accelerated pace. Through the program, qualified candidates may bypass CCIM’s CI 101 Financial Analysis, CI 102 Market Analysis, and CI 104 Investment Analysis courses that are generally required to earn the CCIM designation. Visit the CCIM Institute’s University Alliance Program website to learn more about the program.
To build a large portfolio of properties to sell and buy to produce total financial independent. Not only will they know which markets and Atlanta office buildings have the available space and building amenities you need, they also will understand the financial position of the building ownership.
The purchase price was reported to be $146.7 million dollars for the 90% occupied office building. UCF has signed an agreement with the Chicago-based CCIM Institute to become a partner in the 16,000-member association’s University Alliance Program.
A CCIM is a recognized expert in commercial real estate and is among an elite corps of nearly 10,000 professionals in North America, Asia and Europe who has earned the CCIM designation. Students need only to successfully complete CI 103 User Decision Analysis, eight hours of negotiations training, and an online ethics course. Our real estate students now have the opportunity to become part of the CCIM network of commercial real estate professionals and take advantage of the technology and business resources available to CCIMs.

An interesting detail that would impact future lease negotiations beside the high occupancy rate is that there are no tenants that have office space leases that expire before 2017 and even then only 24,000 square feet will be up for renewal . Not only during your office space search and lease signing but throughout the term of your lease. A portfolio of qualifying experience, which documents closed transactions and consulting assignments, must also be submitted and approved. Many Atlanta office buildings are now under new ownership and this could impact your office leasing strategy and ability to get the best deal.
Also the final purchase price was adjusted for free rent and $1.1 million that has been committed for future tenant improvement costs. Make sure your office leasing broker is knowledgeable about who is sitting on the other side of the negotiating table.
Unlike Two Alliance Center with 90% occupancy and no leases expiring until 2017, Powers Ferry Landing East is 32% leased to twenty tenants who have a current weighted average lease term expiration of only 1.6 years.

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