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Columbia Property's Atlanta office building to house Arby's national HQ

Arby's Restaurant Group, Inc. is moving its national headquarters to Columbia Property Trust Inc.'s Three Glenlake office building in Atlanta.

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Three Glenlake office building in Atlanta
Source: Columbia Property Trust Inc.

The fast-food chain will occupy a 161,000-square-foot space at the building under a 12-year lease with the office real estate investment trust. The lease will run from August 2019 to September 2031.

Newell Brands, which fully leases the entire 355,000-square-foot building, will give back 161,000 square feet of space in January 2019 to give way for Arby's lease. Newell will hold on to its lease for the rest of the property through March 2020.

The property is part of the two-building One & Three Glenlake Parkway office campus at the intersection of Georgia 400 and Abernathy Road in the Central Perimeter submarket. The adjacent One Glenlake building underwent a $3 million renovation that was completed earlier in 2018 and is now 99% leased.