Manulife Taps JLL to Lease Atlanta Tower

The Proscenium lobby. Image courtesy of JLL

Manulife Investment Management has appointed JLL as leasing agent for The Proscenium, a 521,000-square-foot, Class A office tower in Atlanta. The firm’s Executive Vice President David Horne and Managing Director Jeff Taylor will handle marketing and leasing procedures on behalf of the landlord.

Completed in 2000, the building rises 24 stories in Midtown and features 25,000-square-foot floorplates. The property also encompasses a 10-level parking garage with EV charging stations and a capacity of two spaces per 1,000 rentable square feet. Current tenants include BakerHostetler, American Management Association and Columbia Property Trust,  CommercialEdge data shows.

Amenities at the building comprise a fitness center, multi-room conference facilities, a sundry shop, a refreshments bar and an outdoor gathering space, as well as a barbershop. Starting in early 2024, the landlord plans to implement multiple capital improvements to upgrade exteriors, the lobby and amenity spaces.

Located at 1170 Peachtree St. NE, the building is adjacent to the Colony Square shopping mall and the Atlanta Botanical Garden. It is also close to Interstate 85 and some 3 miles north of downtown Atlanta.

The total square footage of new leasing deals in Atlanta that closed in 2023’s first quarter surpassed the one preceding it, according to JLL, as constrained supply continues to propel the flight-to-quality trend. Vacancy rates have continued to improve in the metro, reaching 19.7 percent as of April, according to CommercialEdge research.