Arby’s Restaurant Group is expanding in Atlanta’s central Perimeter, eventually adding more than 200 jobs. Arby’s is relocating its headquarters to the Three Glenlake building, where it will occupy about seven floors.
It follows a Feb. 5 announcement that that Arby’s completed the $2.9 billion acquisition of Buffalo Wild Wings, a deal backed by Roark Capital Group. It will bring more than 200 new jobs to the Arby’s Sandy Springs headquarters and played a role in the company needing more space.
Arby’s signed a 161,000-square-foot lease, a roughly 40,000-square-foot expansion.
It is the second big transaction in the central Perimeter, Atlanta’s single-largest office market, announced this month.
Last week, Northside Hospital announced it completed a 180,000-square-foot lease with Seven Oaks Co., developer of the 21-story 1001 Summit Boulevard.
Arby’s will be on the move. It’s relocating from 1155 Perimeter Center West. It would occupy the new space at Three Glenlake in 2019.
For years, Three Glenlake, owned by Columbia Property Trust Inc., has been the headquarters of Newell Rubbermaid. It remains 100 percent leased by Newell Brands, but the company is moving its global headquarters to Hoboken, N.J.
It has agreed to give back approximately 45 percent of the building to accommodate Arby’s relocation.
Arby’s signed a 12-year lease.
A Jones Lang LaSalle team of David Demarest, Brannan Moss and Josh Hirsh represented Arby’s in lease negotiations.