AFTER MIRANT?

This week?s announcement that Mirant will merge with Houston-based RRI Energy concludes what has been a fascinating local business story. Mirant had a meteoric rise, a hard fall, and seemed to be on the road to recovery again since emerging from bankruptcy in 2005. Of course, we can't help but wonder: If Mirant?s leaving town, what?ll happen to its office space?
 

Mirant and RRI announced on Sunday they're combining in a $1.61 billion stock-swap, renaming the company GenOn Energy and setting up shop in Houston. The new company will become one of the nation's largest independent power producers. The company no doubt will be emptying out space at Mirant?s HQ at 1155 Perimeter Center West.  Bryan Heller of TPA Realty Services, who reps the building for owner AEW Capital Management, declined to comment.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer