Big Win for The Plaza

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RSUI, the Atlanta-based insurance underwriter, has decided to renew its current lease at The Plaza in the Buckhead submarket. They renewed for 133,000 SF through 2025, and this deal will keep the struggling office tower at 58% leased.

The 400,000 SF Buckhead tower overlooking the Lenox MARTA station as struggled since 2011 when it was turned over the special servicer CWCapital Asset Management. Sources say that CWCapital plans on eventually selling the tower, but they hope to complete some renovation and decrease the building’s vacancy rate before putting the building on the market.

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