(ATLANTA) – Hines, the international real estate firm, announced today that Bain & Company has officially moved into 1180 Peachtree. Earlier this year, the global management consulting firm signed a 14-year lease. Scotland Wright and Michael Tucker of Scotland Wright Associates brokered the deal on behalf of the tenant, while John Heagy represented Hines.
Developed by Hines in 2006, the Class AA, 670,443-square-foot, 41-story office tower was designed by Pickard Chilton Architects. 1180 Peachtree became the world’s first pre-certified LEED® Silver Core & Shell tower and has since achieved Platinum certification under the USGBC's LEED for Core & Shell rating system.
Bain & Company partner Laura Miles said, “One of the most critical components to our success is our ability to attract talent, and our employees are excited to call 1180 Peachtree their new home. The building provides a modern and efficient design along with the highest quality amenities and services connecting them to the 24-hour attributes of Atlanta’s urban core.”
John Heagy, Hines senior managing director, said, “While 1180 Peachtree is a world-class office project, it is the tenants that truly make the building great. Adding one of the world's top management consulting firms to our tenant mix is further evidence of how 1180 Peachtree is viewed in Midtown Atlanta.”
Heagy added, “We are excited to welcome Bain & Company to our tenant roster and are looking forward to adding even more tenants to this iconic building in the next 18-24 months as we have space coming online.”
With this lease, 1180 Peachtree stands at over 98 percent leased. Other notable tenants include: King & Spalding, LLP; Cushman & Wakefield; Lewis Brisbois Bisgaard & Smith; Roark Capital; Fish & Richardson; and Earnest Partners. Owned by 1180 Peachtree Office Investors, LLC, Hines is responsible for managing and leasing the building.
Bain & Company is the management consulting firm that the world's business leaders come to when they want results. Bain advises clients on strategy, operations, information technology, organization, private equity, digital transformation and strategy, and mergers and acquisition, developing practical insights that clients act on and transferring skills that make change stick. The firm aligns its incentives with clients by linking its fees to their results. Bain clients have outperformed the stock market 4 to 1. Founded in 1973, Bain has 56 offices in 36 countries, and its deep expertise and client roster cross every industry and economic sector. For more information visit: www.bain.com. Follow us on Twitter @BainAlerts.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 24 countries. Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. The firm has 108 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,295 properties, totaling over 422 million square feet. The firm’s current property and asset management portfolio includes 506 properties, representing over 210 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.