OliverMcMillan is getting a lot more form-fitting in Buckhead.
Sources tell us that the Atlanta-based
manufacturer of slimming undergarments is on track to
lease 100k SF at Buckhead Atlanta, the long-in-development
mixed-use project (seen as a model) in the heart of Buckhead. It's a huge coup for owners OliverMcMillan and CBRE Global Investors, who have been
silent about leasing efforts ever since acquiring the project out of distress in 2010. An announcement of the deal is expected to happen this week.
The deal comes after weeks of
rumor and speculation. When
we met up with OliverMcMillan's
Hunter Richardson (here with
Maura Schafer) at ICSC's annual RECon convention in Las Vegas, he was mum on talk that an
office deal was imminent. The deal means Spanx's HQ will move from its
nearly 50k SF space at 3344 Peachtree—one of that tower's original tenants—to Buckhead Atlanta with double the space. And sources say aside from office, Spanx may locate a
flagship store at the project. Jones Lang LaSalle's
Brannan Moss and
Josh Hirsh brokered the deal for Spanx. CBRE's
Amy Fingerhut represented OliverMcMillan.
