With Pulte’s Lease, Capital City Plaza Fills Up


After months of speculation, PulteGroup Inc. will put its headquarters in Capital City Plaza. Pulte, who was originally headquartered outside of Detroit, has signed a 101,000 SF, 195-month deal in the 17-story tower on Peachtree. Although Central Perimeter attracted a lot of attention from the home-building company, Buckhead emerged as the front runner in the race to find Pulte a home. Two Live Oak and Atlanta Plaza heavily pursued Pulte, but in the end they decided to sign a long lease with major concessions at Capital City Plaza.

Pulte’s 101,000 SF lease and several smaller leases, such as BlueCross BlueShield’s 29,000 SF expansion, brings Capital City Plaza to 99% leased. With big renewals and expansions by The University of Georgia Board of Regents as well as Georgia State that brought Tower Place 200 to 92% leased, Parkway Properties is essentially out of room in Buckhead, which is a good problem to have. Company reps say that their Buckhead buildings are out-performing the Class A and Class AA occupancy rates so far this year.


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