In an era of hybrid work schedules and shaky office occupancy rates, leases have been inked at a renovated office property that could help drive foot traffic in downtown Decatur.
Colliers recently announced it has signed the first two leases at a Class A office renovation project called 101 W Ponce. The six-story building is located immediately north of Decatur’s Historic Square, among a West Ponce de Leon Avenue strip with some of the city’s most prized restaurant and retail destinations.
Previously occupied by Emory Healthcare, the 109,000-square-foot property was redeveloped by asset management firm The RMR Group last year. It’s described by marketers as a “creative and amenity rich office building,” with features that include a communal conference facility, fitness center, modernized lobby, and a large courtyard off Ponce, where eateries or shops could operate.
Leases recently secured by Colliers account for about a quarter of the overall space, or 25,000 square feet, which officials call indicative of “strong demand for high-quality office space” in downtown Decatur.
Leasing a full floor, or 18,411 square feet, is the National Association of Chronic Disease Directors, which is expanding its current presence in Decatur.
The second lease with Aristocrat Technologies, a global gaming company, totals just over 6,400 square feet.
Heather Lamb, Colliers executive vice president, said the building’s enhancements and location “make it an ideal workplace for today’s tenants” and predicted both new 101 W Ponce tenants will “bring [energy] to the building and the community,” per an announcement.
The office complex was built in 1992 and is currently renting at $32 per square foot, according to LoopNet.
Find a closer look in the gallery above.
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