SunTrust lease solidifies ties downtown

SunTrust Banks Inc. will lease nearly 253,000 square feet in downtown’s Peachtree Center, keeping 1,200 jobs in the heart of
the city.

SunTrust scouted different parts of in-town Atlanta, including Midtown, for a new lease before landing at Peachtree Center. Click here to read entire story.

SunTrust focusing search on Peachtree Center

SunTrust Banks Inc.’s search for new office space for 1,000 downtown employees is focusing on Peachtree Center, according to sources familiar with the bank’s pending move.

SunTrust, which announced last October it would not renew its lease at 250 Piedmont Ave., has dashed the hopes of at least two prominent Atlanta developers who wanted to build new office towers for the bank. John Portman, who developed SunTrust Plaza, and Barry Real Estate Companies Inc., which created Allen Plaza, have made pitches in recent years to land the bank. Click here to read entire story.

Miami firms make big deal – not here

Miami’s Adler Group and America’s Capital Partners LLC are doing something different in these dog days of commercial real estate deals – making what could be the largest industrial deal of the year in the Tampa Bay area.

Adler has paid $28.4 million, or nearly $85 a square foot, for 15 buildings with 332,582-square-feet in east Tampa near I-4. Seller America’s Capital Partners LLC began snapping up the properties in 2006 with a series of transactions totaling $21.1 million, records show. Click here to read entire story.

$28M deal by Adler Group sets industrial record

Two R&D/office facilities in Durham fetch $34

Bethesda, Md.-based B&B Realty Investments, LLC, has purchased two R&D/office facilities totaling 224,779 square feet in Durham, N.C., for $34 million from Americas Capital Partners.

Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy & Pinkard Colliers brokered the deal on behalf of the Miami, Fla.-based seller. Click here to read entire story.