Project: 1180 Peachtree
Location: Midtown Atlanta Submarket
In 2001, a team led by Bob Voyles began working with the Atlanta Symphony Orchestra (ASO) and Woodruff Arts Center to secure a 6.2-acre Midtown site located at the premier location for office and mixed-use developments in the southeast, 14th & Peachtree. Bob led the Hines team, which master planned the site with ASO, to secure entitlement rights and ultimately secured the tenancy of King & Spalding, one of the top 20 law firms in the United States. 1180 Peachtree was designed by Pickard-Chilton, one of the country’s top architecture firms. At 41 stories, 650 feet tall and 680,000 total square feet of net rentable area, it was the largest building to be built in Atlanta in nearly a decade.
1180 Peachtree has won numerous regional and national awards for its architectural significance, its LEED Certification and focus on green building principles, and its economic impact on Midtown Atlanta. It sold in October 2006 for $407/square foot – still the highest price per square foot ever paid for a large Class A commercial multi-tenant office building in the southeast. 1180 was the recipient of several awards including NAIOP’s 2006 “Green Development Award,” the Atlanta Business Chronicle’s 2001 “Land Deal of the Year,” and 2004 “Design of the Year,” and the AIA’s “Best Building of the Decade.” It is also one the first buildings in the southeast to attain LEED Gold – CA Certification.
- Negotiated Below Market purchase of land from the Woodruff Arts Center.
- Negotiated 15-year lease transaction valued in excess of $200 million.
- Secured complex entitlements from City of Atlanta, GRTA, ARC and Midtown Alliance.
- Received Atlanta Business Chronicle 2004 Office Deal of the Year Award.
- Gold LEED – CS Certification received.
- Sold in October 2006 for $407/square foot, a southeast U.S. record.
- Won NAIOP 2006 National Building of the Year.
- Won 2007 ULI International Building of the Year.
Scott J. Arnold, Partner, King & Spalding LLP
“Bob can be credited with the vision, energy, creativity and persistence which won that decision for his firm against the conventional wisdom which would have concluded King & Spalding’s remaining at the incumbent location (i.e. 191 Peachtree) as far more likely. Bob was always honest and forthright in his dealings with the firm. He was responsive to our needs for information and creative in his solutions to our problems. He organized his team well and from all appearances, they enjoyed working for and with Bob. All told, our experience with Bob and his team was excellent and we would recommend him to any other group considering him to lead a project of similar scope and magnitude.”