Commercial real estate brokerage relocating to Midtown's Promenade office tower

Cousins Properties Incorporated has signed Colliers International, a leading commercial real estate firm, to a new 35,000-square-foot lease at the Promenade office tower in Midtown.

The move to Promenade, scheduled for February 2014, will consolidate Collier’s Midtown and Central Perimeter offices into one location, leaving room to expand beyond its current roster of 150 Atlanta employees. Colliers, which is Atlanta’s fifth largest commercial real estate brokerage, has been a prominent Midtown tenant since 1986. 

It's Midtown office is currently at the Two Midtown Plaza building.

“We’re thrilled to consolidate our Atlanta operations at Promenade,” Bob Mathews, president of Colliers International Atlanta, said in a news release. “The central location in the heart of Midtown - coupled with Cousins’ comprehensive improvements to the building - makes it a perfect place for Colliers to retain and recruit top talent while continuing to grow the business in the years ahead.”

Cousins’ improvements to the Promenade complex include a redesigned 15th street entrance and garden, an enhanced parking deck, a new fitness facility, the chef-driven Bistro 1230 and The Bean Counter coffee shop.

“Having done business with Colliers for many years, we’re excited to expand our relationship with such a first class firm,” said Cousins CEO Larry Gellerstedt in the release. “We’re particularly delighted for Promenade to receive this type of endorsement from one of the most respected names in the real estate business.”    

Cousins acquired Promenade, the 774,000-square-foot Class-A office tower, in November 2011. The building now is 77 percent leased, up from 58 percent at the time of purchase.