- Post 31 August 2012
- By Atlanta Daily World
- Hits: 476
Special to the Daily World
Cousins Properties Inc. has signed a 33,137-square-foot lease with Atlanta Life Financial Group (ALFG) at One Ninety One Peachtree Tower. Atlanta Life Financial Group is a 107-year-old, privately owned financial services company that helps consumers, businesses and communities build and protect wealth.
ALFG will relocate its Atlanta headquarters to the 25th and 26th floors of One Ninety One Peachtree Tower in November 2012.
"ALFG's Board, management team and employees are all very excited about the company's return to Peachtree Street and relocating our headquarters to One Ninety One Peachtree Tower," said William J. Taggart, president and CEO of Atlanta Life. Atlanta Life's founder Alonzo Herndon started his first successful business enterprise at 66 Peachtree St. over a century ago.
The move will relocate the Atlanta-based firm just a few blocks from their existing space in downtown Atlanta. "We have greatly enjoyed our 32 years at our current headquarters and cherish the great memories and history of Auburn Avenue," said Taggart. "After assessing various options, the opportunity to move to One Ninety One Peachtree was simply too good to pass up. Cousins is a world-class organization and One Ninety One Peachtree is one of the finest buildings in Atlanta and the Southeast."
One Ninety One Peachtree Tower is a 50-story, 1.2 million-square-foot tower of Class A office space, retail, and restaurant space located at 191 Peachtree St. in downtown Atlanta. With Atlanta Life Financial, the building continues to show significant leasing momentum.
"Atlanta Life is an exceptional firm with an incredible history in Atlanta," said Larry Gellerstedt, chief executive officer at Cousins. "We're thrilled to have them join us at One Ninety One Peachtree and we look forward to a long and successful relationship."
Michael Tabb of Red Rock Global and Pete Shelton of Colliers International represented Atlanta Life in the transaction.
Atlanta Life Insurance Company provides group life products to Fortune 500 companies and funding products to help consumers preplan and prearrange their funerals. Herndon Capital Management portfolio products help institutions and high-net-worth individuals build and protect wealth. Jackson Securities is a full service investment bank that provides investment banking and brokerage services to institutional and retail clients throughout the United States.