| That IBM lease we reported as the top deal of 2011 is indeed short term. We just got a hold of a DRI filing with the Atlanta Public Schools, detailing a little more of its plan for what it's calling North Atlanta High School at the IBM campus at 4111 Northside Pkwy. According to the filing, the school system will demolish one of the two office buildings and 2,700 parking spaces to make way for a new assembly building and athletic fields. What will be left is a 475k SF facility and 1,200 parking spaces for 1,800 to 2,200 students. And most importantly, the project is expected to be completed next year. That means IBM, which leased back 830k SF there after APS purchased the campus, will really need to find a new home by then. (Otherwise they're gonna be working out of your living room... hope you bought extra Oreo's.) |
READING, WRITING, AND BIG BLUE
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