July 21, 2020
North American Properties (NAP), the developer behind the redevelopment of Atlanta’s Colony Square mixed-use project in Midtown, has announced a new “Flip the Switch” office leasing program at the property.
NAP and office leasing team Cushman & Wakefield are co-creating the program. Space is now available and ranges from 3,000 to 20,000 square feet. As part of the program, leases are based on licensing agreements with electronic execution and the licensing agreements are set for approximately 6-18 months. Additionally, Flip the Switch offices come move-in ready with flexible furniture. Office spaces also feature built-in internet connectivity. Colony Square has nearly one million square feet of office real estate.
“We were seeing a trend toward pop-ups and shorter lease terms in office and retail real estate before COVID-19,” said Tim Perry, managing partner at NAP. “The pandemic has dramatically accelerated this trend and introduced new concerns for employers. We’re hearing that employers want to control their own workspace to keep their employees and visitors safe and be able to focus on short-term business needs while still evaluating long-term business strategies during the recovery. This solution at Colony Square allows employers to simply ‘flip the switch’ on a new office environment that serves their purposes for at least the next 18 months.”
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