BB&T commits to third tower at Atlantic Station
Atlantic Station’s third and tallest office tower is breaking ground with the local and state corporate bank offices of BB&T Corp. as an anchor tenant and its name riding two stories higher than that of neighboring Wachovia, which moved into the first office tower at the mixed-use development just south of Buckhead.
The new 25-story tower will be at 271 17th Street, adjacent to Atlantic Station’s most recent high-rise project at 201 17th Street, which is scheduled to open this month.
The BB&T tower, which is scheduled to open in first quarter of 2009, will be a 530,000-square-foot building, of which BB&T will occupy 80,000 square feet on three floors with a bank branch in the lobby.
The move is the first major consolidation of BB&T offices and operations locally. BB&T is moving roughly 200 employees to the tower, and the building will house the bank’s local corporate, business and governmental banking; commercial real estate; wealth management; commercial finance; leasing; capital markets and trust services. The bank’s Georgia and north Atlanta corporate headquarters will also move into the building.
Emily Hart joins Bank
Emily Hart has joined First Horizon Bank, a $37 billion institution that entered the Atlanta banking market in 2005, as vice president, senior relationship manager of private client services based at the bank’s Atlanta Financial Center headquarters in Buckhead.A 25-year banking industry veteran, Hart has more than 15 years in private banking and branch management with Bank of America, NationsBank and C&S Bank.
Raving Brands makes management changes
Raving Brands Inc. has promoted Moe’s Southwest Grill co-founder Seth Salzman to senior vice president of Raving Brands to oversee Boneheads Grilled Fish & Piri Piri Chicken, The Flying Biscuit Café and family entertainment center Monkey Joe’s.
Salzman will head strategy, marketing and operations for the three developing concepts. Before joining Raving Brands, which is headquartered in Buckhead, Salzman spent four years with Bertucci’s Brick Oven Pizza as regional training manager and three years with Steak & Ale as a corporate senior manager.
Also, Brent McGhee has joined Raving Brands as director of franchise operations for The Flying Biscuit Café. McGhee spent the last 10 years with Hooters of America.
Buckhead Exchange is sold
Urbana Jamestown Associates II LP purchased Buchhead Exchange shopping center, at 3167 Peachtree Road, on July 10 for $25 million. The shopping center includes tenants Loco’s Deli & Pub, Jeanne’s Body Tech and Radio Shack.
Urbana Jamestown Associates is a partnership of Urbana Buckhead GP LLC, Reid Hailey and Jamestown Properties Group. It bought the shopping center from a group of local families.