Arby's Taps JLL For Its Atlanta Headquarters Hunt

Two Atlanta-based JLL brokers have the meats.

1155 Perimeter Center West

Atlanta-based Arby's Restaurant Group selected brokerage giant JLL to conduct a headquarters search in the Metro Atlanta area, one that could be large enough to anchor a new office development. Officials with JLL confirmed that David Demarest and Brannan Moss have been tapped to lead the request for proposals.

Arby's has been conducting interviews with area brokerage firms, including CBRE, Savills Studley and Cushman & Wakefield, for a search of possibly up to 150k SF. Arby's could leave its current HQ at 1155 Perimeter Center West in the heart of Central Perimeter.

Details on the RFP were undisclosed as of press time, but sources said Arby's could eye anchoring a new office project, particularly in Central Perimeter. Central Perimeter's 21M SF of Class-A office space has tightened this past year to a 12.5% vacancy rate, according to Colliers International.

But there are numerous sites that could see a new office tower, including Crown Holding Group's former Gold Kist headquarters site, GID Development's High Street mixed-use project, Ackerman & Co.'s Abernathy 400 office project in a JV with Cousins Properties and Hines Interests' 100 Northpark project, which could include 1.5M SF of office.

It was not clear as of press time whether Arby's officials, who did not return calls seeking comment, were considering other Atlanta submarkets.

Arby's performance could make it a hot catch with Atlanta landlords. Arby's reported same-store sales growth of nearly 4% last year, which pushed total sales to $3.6B. Executives with the fast-food chain said it was still on track to reach $4B in systemwide sales by the end of 2018 as it opened 60 new restaurants in 2016.

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

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters