Amid change, Hawks lock in long-term lease renewal in downtown Atlanta
Adding to the list of things the Atlanta Hawks have recently secured, along with a new coach and a victorious draft pick, is a renewed lease for its longtime digs in downtown Atlanta.
The basketball organization has signed a eight-year extension at 101 Marietta Street. The 36-story skyscraper with the recognizable chevron silhouette, formerly known as Centennial Tower, recently underwent a $5 million renovation.
More than 200 Hawks employees work across three floors, taking up about a quarter of the tower’s 220,000 square feet of available office space. The building is 80 percent leased and includes tenants such as The Associated Press, Oracle and CH Robinson.
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Scott Wilkinson, chief legal officer of the Hawks, said the "convenience, location and overall appeal" made it an easy decision to extend the lease. The tower is less than half a mile from Philips Arena, where the team plays.
The NBA franchise has operated out of the building since 2004; the North Carolina-based real estate firm Dilweg Companies acquired it in 2015.
“The cutting-edge workspace and premier amenities that Dilweg has delivered in the last year have been impressive, and have fostered an energized atmosphere that will attract and retain quality talent,” Wilkinson said in a statement this week.
Jerry Banks, managing director at Dilweg, called the Hawks a “cornerstone tenant.” Commercial real estate services firm CBRE represented both Dilweg and the Hawks in the agreement.
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