ATR NEWS....
FOR IMMEDIATE RELEASE
September 22, 2003
Contact:
David Rubenstein
Principal
The Miller Richmond Company
770-390-1891 (direct)
drubenstein@millerrichmond.com
www.millerrichmond.com
The Miller Richmond Company announces
expansion/relocation of Benchmark Data Corporation.
Atlanta, GA (September 22, 2003) - The Miller Richmond Company
is pleased to announce it has successfully negotiated a ten-year
lease for Benchmark Data Corporation for 48,655 square feet at
Bluegrass Lakes. Bluegrass Lakes is a Class "A" office/warehouse
facility owed by Highwoods Properties located at 1665 Bluegrass
Lakes Parkway. This facility will replace Benchmark Data Corporation's
current location at Northmeadow Business Park. Benchmark, a branch
automation solutions provider for large commercial banks, was
driven to relocate to a larger facility to accommodate recent
growth in business volume.
According to David Rubenstein of
The Miller Richmond Company "Benchmark
has really benefited from today's soft real estate market. On
top of an aggressively low rent structure and typical lease incentives,
we successfully negotiated for additional free rent that will
dollar-for-dollar offset Benchmark's remaining 24 month lease
obligation at its current facility. This type of concession package
was just not possible a year or two ago.
" The Miller Richmond Company's Bogue Miller added "We congratulate
Highwoods Properties for stepping up and offering aggressive
terms that made our client's move economically feasible. This
transaction represents a real win-win: Highwoods fills a critical
vacancy in the GA 400 Submarket, and Benchmark finds a new home
that can accommodate its current and future requirements despite
its existing lease obligation. The Bluegrass Lakes facility has
a high percentage of office build-out with significant upgrades
in place that work well given Benchmark's unique space requirements.
We are really excited to have facilitated this transaction."
Highwoods Properties is currently retrofitting the space at
Bluegrass Lakes, and Benchmark Data Corporation is scheduled
to move into its new facility November 2003.
About Benchmark Data Corporation
Benchmark Data Corporation, headquartered in Atlanta, Georgia, was established
in 1984 as the standard-bearer for branch automation solution providers.
Benchmark has the knowledge, experience, and resources to successfully implement
total bank technology solutions. Its custom-tailored solutions encompass
all aspects of branch automation, providing clients with quality products,
professional services, and unparalleled support.
About The Miller Richmond Company
The Miller Richmond Company is a nineteen-year-old boutique commercial real
estate brokerage firm based in Atlanta, GA. The firm specializes exclusively
in tenant representation for office, industrial and healthcare lease and
acquisition transactions. The firm is a member of The Alliance of Tenant
Representatives (ATR).
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