JLL Atlanta’s Agency Leasing team has been selected to lease Proscenium, the 521,000-square-foot, Class-A office tower in Midtown Atlanta. Located at 1170 Peachtree Street, the 24-story tower represents one of the key assets in Manulife Investment Management’s strategic Southeast portfolio, and will undergo a series of capital improvements beginning in early 2024. JLL Managing Director Jeff Taylor and Executive Vice President David Horne will lead leasing and marketing efforts for Proscenium on behalf of Manulife Investment Management. 
Located at the epicenter of Midtown’s business and lifestyle district, Proscenium offers 25,000-square-foot floor plates and world-class amenities including multi-room conference facilities, a full-service fitness center, an outdoor gathering area, a sundry shop, and a barber shop. Manulife Investment Management’s planned capital improvements will kick off early next year and focus on modernizing the lobby and building exteriors, as well as upgrading common spaces to create a more welcoming and communal environment for tenants. The Energy Star-certified building also features a dedicated concierge, property management and security team.
With an impressive Walk Score of 84, Proscenium is walkable to more than 50 best-in-class restaurants and retailers, including the Colony Square mixed-use development. The building’s prime Midtown location provides easy access to I-75 and I-85, and is just steps away from two MARTA stations. Additionally, the region’s top arts and entertainment venues – the High Museum of Art, Alliance Theatre, Fox Theatre, and the Atlanta Symphony Orchestra – are all within walking distance. The tower is surrounded by eight top colleges and universities, and is conveniently located near 10 hotel options.
“With an unbeatable location in Midtown, Proscenium offers one of the most invigorating office experiences in Atlanta,” said JLL’s Taylor. “The tower gives employees the opportunity to work in a place that they want to be – surrounded by top-of-the-line amenities, incredible restaurants and unmatched retail and entertainment options. Proscenium is the workplace of the future, and our team is confident in our ability to successfully market its unique competitive advantages.”
Even as occupiers continue to evaluate their footprints, companies are still signing new leases. According to JLL research, the total square footage of new deals signed in the first quarter surpassed the previous quarter’s totals. As the volume of new construction slows, JLL predicts that tightened supply in the short-term will increasingly draw tenants to high-quality assets like Proscenium, playing into the continued flight-to-quality trend.
Manulife Investment Management’s real estate platform provides investment solutions globally as part of its comprehensive private markets’ capabilities. As of March 31, 2023, our sustainably operated platform offers core, core-plus, and value-add strategies spanning over 73 million square feet of office, industrial, retail, and multifamily assets strategically located in Canada, the U.S., and Asia Pacific. The real estate investment team leverages its global platform and asset management expertise to engage with and understand local markets, and to drive results for its investment clients.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our extensive capabilities in public and private markets are strengthened by an investment footprint that spans 19 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
