LeaseQuery has signed a 52,888-square-foot, full-floor lease at Three Ravinia, an iconic 816,748-square-foot office tower in the heart of Atlanta’s Central Perimeter submarket. LeaseQuery, Atlanta’s fastest growing tech company, helps accountants and other finance professionals streamline its lease accounting processes, improving productivity and eliminating errors that often lead to material misstatements. The company plans to hire between 150 and 200 employees in the next year, and positions will include all departments and functions: sales, marketing, customer solutions, software engineering, product management and analytics.
“We are thrilled to partner with Three Ravinia and Preferred Office Properties,” said George Azih, CEO and Founder at LeaseQuery. “They immediately understood what we needed to accomplish with our work space and worked diligently with us to match our vision and objectives to reality. It’s been an absolute pleasure to work with them to strategically and tactically achieve what we needed.”
Through its best-in-class software solutions, public companies, privately held businesses, and government entities rely on LeaseQuery to take the worry and work out of the complex web of accounting rules and compliance requirements.
The new location at Three Ravinia marks the company’s third expansion in two years. The Super Floor allows LeaseQuery to have all its employees on one level and provides modern collaborative space, as well as a private 5,000-square-foot rooftop deck. LeaseQuery will enjoy access to all of Three Ravinia’s top-of-the-line amenities including the new full-service café, state-of-the-art fitness center and building conference center.
“LeaseQuery is a great homegrown story and we are happy to play a role in facilitating their growth,” said Boone DuPree, President of Preferred Office Properties. “Three Ravinia offers a high profile environment in a central location with amenities and room to grow. We look forward to watching LeaseQuery’s continued success as their real estate partner.”
Andy Sumlin and Kyle Kenyon of Cushman & Wakefield represented the landlord, Preferred Office Properties, in the lease negotiations. Michael Tucker, Scott O’Halloran and Robert Patton of Scotland Wright Associates represented the tenant.
“Working with a fast-growing client, such as LeaseQuery, is always a challenge because dynamics can change so quickly, however, the team at Preferred Office Properties and Cushman & Wakefield were tremendous to work with on this deal,” said Michael Tucker, Managing Partner at Scotland Wright Associates. “We went from LOI to signed lease in less than 20 days and they responded quickly and with creativity to the growth and branding requirements of LeaseQuery. The deal is a true win-win for both parties.”
Preferred Office Properties has invested $14 million in Three Ravinia to enhance amenities to attract today’s high growth technology-based tenants. In addition to the new café and upgraded fitness center, Preferred Office Properties also upgraded all elevator banks and added a new 455-space parking deck. The enhanced lobby is home to a 48-foot by 48-foot “Living Wall” comprising more than 15,100 plants, the largest of its kind in the Southeast.
“Preferred Office Properties has done a phenomenal job upgrading Three Ravinia to attract top tech companies like LeaseQuery,” said Kyle Kenyon, Director at Cushman & Wakefield. “This deal is also a testament to the growing desirability of the Central Perimeter submarket.”