Hines has been retained by Franklin Street Properties Corp. (FSP) to manage 999 Peachtree, a 28-story, 621,000-square-foot office building. The property is 94.6 percent leased and is located in Atlanta’s Midtown submarket at the intersection of 10th and Peachtree streets.
“Hines has enjoyed continuing to expand its relationship with Franklin Street Properties, managing buildings for FSP and its affiliates in Atlanta, Chicago, Dallas, Houston and Kansas City. We look forward to achieving our owner’s asset objectives through our property management expertise,” said General Property Manager Lynn Lewis, who will oversee Hines’ onsite management staff.
“Knowing that our buildings, tenants, and, ultimately, shareholders, benefit from the consistently high level of service delivered by the Hines organization, FSP is very pleased to expand its relationship with Hines in Atlanta, in addition to other major U.S. markets,” said Vice President Leo “Toby” Daley, who is responsible for investments in Atlanta and other markets for FSP and its affiliates.
999 has been awarded Leadership in Energy and Environmental Design – Existing Buildings (LEED-EB) Silver certification established by the U.S. Green Building Council (USGBC). One of the building’s green initiatives include a water reclamation cistern that captures and stores rain water from the courtyard to irrigate plants year-round saving 94,000 gallons per year.