Manhattan Associates Reconfirms Atlanta As Headquarters With Major Lease Renewal
Atlanta’s bustling real estate landscape recently made headlines when Manhattan Associates, a leading logistics software maker, renewed its long-standing commitment to maintaining its headquarters in the city. By extending its lease on the 209,000 square-foot office space situated in the Wildwood Center, the company has reasserted its ties with Atlanta through September 2036.
This 12-year contract renewal, however, sees a slight reduction in the company’s original office footprint within the office complex at 2300 Windy Ridge Parkway, downsizing it by 12,000 square feet. The lease was originally due to expire in 2025. The finalization of the new lease agreement took place on January 31, 2024.
This major move by Manhattan Associates comes as no surprise to industry insiders, as it ranks among the most substantial office leases, including both new leases and renewals, executed in Atlanta over the past year.
Involvement of Toptier Partners
Leading this significant transaction were CBRE Vice Chairmen, John Shlesinger and Sam Holmes, who represented Manhattan Associates, while JLL Executive Vice Presidents, Glenn Aspinwall and David Horne, and Vice President, Alexis Vondersaar, represented the landlord, 2300 Windy Ridge LLC. In the wake of the contract renewal, a CBRE spokesperson declined to comment, and the JLL brokers were unreachable for comment. The 2300 Windy Ridge LLC is thought to be linked to the Troesh Family Foundation, based in Henderson, Nevada.
Other Top Atlanta Deals
Manhattan Associates’ lease renewal is one among several significant transactions witnessed in Atlanta’s real estate sector this week. For example, RS&H, an architectural and engineering consulting firm, has taken a full floor at Two Midtown Plaza by leasing a 10,000 square-foot area. Additionally, Camden Vantage, a 592-unit apartment complex, has been bought by Houston-based Hilltop Residential for a sum of $115 million.
Building a Strong Future in Atlanta
Maintaining corporate headquarters in Atlanta enables Manhattan Associates to continue tapping into the region’s potential and growth opportunities. Over the years, Atlanta has evolved into one of the nation’s leading logistics hubs, boasting a highly skilled workforce and world-class infrastructure. With this lease renewal, Manhattan Associates reinforces its commitment to being an integral part of Atlanta’s economic landscape.
While the company’s downsized space at Wildwood Center marks a notable shift, it mirrors a wider trend observed amongst large organisations – effectively utilizing available space while adopting an increasingly flexible approach towards future growth.
As Atlanta continues to secure its position as a thriving metropolis for dynamic industries, the renewal of the Manhattan Associates lease proves once more the city’s capacity to attract and sustain global giants within their selected fields.
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