Shorenstein completing $10 million renovation project debuting premier amenity package for midtown tenants

 

(ATLANTA) - Shorenstein Properties LLC, a San Francisco-based private real estate investment firm, is pleased to announce Bank of America Plaza Atlanta’s $10 million renovation project is in its final stages with plans to be completed by early 2018.

 

Bank of America Plaza’s West Wing renovation project will expand on its top-notch on site amenity package that now includes a Starbucks in the lobby and high-end fitness center, RPM. The West Wing’s 50,000 square feet will feature:

  • State-of-the-art conference, training and event center with capacity for 250

  • 5,112 RSF Bank of America Branch

  • New food hall with unique offerings and services:

    • Chef’s Table - showcasing skills of various up and coming and celebrity chefs

    • Variety of cuisines and healthy sustainable options

    • Ability to rotate and/or change brands based on popularity

    • Catering and lunch/learn and cooking classes and team building opportunities

    • Digital order and pick up through the Thrive mobile app

    • 24/7 work and collaboration spaces with private and larger areas

“Bank of America Plaza continues to upgrade and renovate to remain Atlanta’s most premier Class A tower,” said Christopher Caltabiano, Senior Vice President at Shorenstein Properties LLC. “The West Wing amenities are a prime example of our focus and commitment to tenants’ needs here in Atlanta.”

 

The West Wing renovation project will be creating spaces and amenities that attract Atlanta’s top companies and talent. The renovations Bank of America Plaza has completed to-date has drawn in tenants such as Anthem, Inc., Display Data, Featurespace, Flexport, GroSolutions, Geofields Troutman Sanders, and Riskalyze.

 

“Our employees empower the world to invest fearlessly, and we care deeply about the environment in which they work,” said Aaron Klein, CEO at Riskalyze. “That’s why we’re thrilled to call the freshly renovated offices inside the Bank of America Plaza our new home in Atlanta, and we look forward to tremendous growth there.”

 

About Shorenstein Properties LLC

Shorenstein is a privately owned real estate firm active nationally in the ownership and management of high-quality office and residential properties, with offices in San Francisco and New York.  Shorenstein’s portfolio includes properties owned by the Shorenstein family through its affiliates Shorenstein Company LLC and Shorenstein Residential Equity Investors, as well as properties owned by a series of closed-end institutional funds sponsored by Shorenstein Properties LLC.  These funds, with equity commitments totaling $7.9 billion, have invested in properties totaling 62.6 million square feet in transactions with a gross investment value in excess of $14.9 billion. Shorenstein Properties LLC is currently investing its eleventh fund, which has total equity commitments of $1.2 billion. Shorenstein uses its integrated investment and operating capabilities to take advantage of those opportunities which, at the particular time in the investment cycle, offer the most attractive risk-adjusted returns.  Investments have included land entitlements, ground-up developments, asset repositionings and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. For more information, visit shorenstein.com.

 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. For more information on CBRE, visit www.cbre.com.