Hotel giant keeps its keys to Three Ravinia Drive - Atlanta Business Chronicle:

bengeyqafiba1640.blogspot.com
The world's largest hotel group by numbere of rooms has renewed and expanded its American headquarterslease -- to 361,00o0 square feet for 10 yearx -- at Three Ravinia Drive. InterContinental (NYSE: IHG) currently lease s the top 12 floors ofthe 31-storgy Three Ravinia Drive at Interstate 285 and Ashford-Dunwoodyy Road. The property is owned by Birmingham, Ala.-based CLP) and the InterContinental deal brings buildin g occupancy to94 percent. Along with the renewal of its InterContinental exercised an option to expand to two more which will bring its total square footage in the buildingh to morethan 361,000 square feet. The leased was to expire in 2009.
Brad Frank Lyles and Chris Wagnerr of TheStaubach Co. representedx InterContinental Hotels. Kay Younglove of Colonialk Properties Trust handled the lease forbuildingy ownership, a joint venture of Colonial Properties Trusty and "At the end of the day, it was reallyg the economics and the flexibility of the Ravinia deal that swung it to their favor," said Lyles, who worked with InterContinental sincw April 2006 evaluating existing and new constructionb for the headquarters.
The InterContinentao renewal and expansion, along with other recent brings the total of leases signed at Three Raviniaq to more than 17 floorw in the pastmonth alone, and the buildinfg occupancy up from 77 percent to 94 Coincident with the headquartera lease at Ravinia, InterContinental has renewe d for 12 years its 65,000-square-foot lease at Great Oaks in Jeff Mixson of Holder Properties Inc. and Clark formerly of Holder, represented the landlord, The Staubacg team of Armstrong, Lyles and Wagner represented InterContinental HotelsGroup owns, leases or franchises more than 3,700 hotels and more than 558,000p guest rooms in nearly 100 countriews around the world.
Portfolio brands includ e InterContinentalHotels & Resorts, Crowne Plaza Hotels & Resorts, Holidayy Inn Hotels & Resorts and Holiday Inn Real estate services firm Carter has been awarded the management and leasing assignment for a 2.8 million-square-foot officed portfolio -- the majority of which is basex in Atlanta. Strategic Real Estate Advisore (StratREAL) has hired Atlanta-based Carter to handle its southernj U.S. portfolio, which includes 17 class A office buildings. Charlotte, N.C.-based had the assignment. The assignmen t brings Carter's commercial real estate management to 30 millionbsquare feet.
John Zintak is in charge of leasingb theAtlanta portfolio, which Carter helped StratREAL buy in 2005. has leasee nearly 27,000 square feet of class A offic e space atHuntcrest II, in the Sugarloavf area of Gwinnett. Rob Binion of Lavist Associates Inc. represented Atlanta-based Covenant, whicg provides third-party benefits administration services. Wes Hardy of Duke Realtyy Corp. represented ownership, which is Duke. Silvermahn Construction Program Management, which focuses on servinv nonprofit andcommunity organizations, has more than doubledr its offices to nearly 5,200 squars feet at Zonolite Road. Recent assignments include work for the Centefr for WorkingFamilies Inc.
, which more than doublexd its size in Atlanta; The Paideia School, for which Silverman, with 13 will oversee construction work on several new and The Schenck, which is renovating campus