Leading Global Aluminum Producer Signs for 100,000 Square Feet at Buckhead Office Tower
Tishman Speyer announced today that Novelis Inc., the world’s leader in aluminum rolled products, has signed a 14-year lease for over 100,000 square feet at Atlanta’s Two Alliance Center. Novelis will establish its world headquarters, which will include a major relocation of its North American headquarters from Cleveland, at the building.
Novelis, with annual sales of over $10 billion, supplies premium aluminum sheet and foil products to automotive, transportation, packaging, construction, industrial, electronics and printing markets throughout North America, South America, Europe and Asia. The company is a subsidiary of Hindalco Industries Limited (BSE: HINDALCO), one of Asia’s largest integrated producers of aluminum and a leading copper producer. Hindalco is a flagship Company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India.
The transaction announced today extends the leasing momentum established in late 2009, when Marsh & McLennan signed a 125,000 square-foot lease at Two Alliance. More recently, Turner Construction Company took 30,000 square feet at the property.
Tishman Speyer Managing Director Jim Meyer commented, “Atlanta continues to be the business hub of the southeastern United States, with Buckhead serving as the preferred location for multinational companies. Our successful delivery of Two Alliance, Buckhead’s finest new building, in accordance with LEED Gold standards, has made it stand out as a beacon for world-class tenants who value that distinction. We welcome Novelis and look forward to attracting other such tenants as well.”
Rob Speyer, president and co-CEO of Tishman Speyer, added, “After leasing a record nine million square feet of space globally in 2009, we have retained our momentum, both domestically and abroad.. We now look to build a strong relationship with Novelis and its affiliated companies, just as we have with other major office space users around the globe.”
Novelis was represented in the transaction by the Jones Lang LaSalle team of Rob Metcalf, Brannan Moss and Shannon Gordon. Chris Ahrenkiel of Tishman Speyer represented the building’s ownership.
According to Metcalf, “Novelis is on the cusp of major evolution as an organization. Their transforming culture demands a facility solution that will support this corporate initiative. Our Jones Lang LaSalle team has been able meet the fast track timing and sophistication of this project and Tishman Speyer has delivered an ideal solution at Two Alliance Center. This project will solidify Buckhead as the new Novelis World Headquarters and complete the corporate transformation.”
Two Alliance Center, the new 30-story, 500,000-square-foot trophy office building standing at Buckhead’s best business location, features visually stunning and efficient design elements, along with dramatic skyline views. It was recognized by the U.S. Green Building Council as the first LEED Gold certified building in Buckhead and as one of just a few in Atlanta, reinforcing Tishman Speyer’s commitment to sustainable development. Two Alliance offers covered parking, an array of first-class on-site amenities, and direct or convenient access to GA 400, Peachtree Road, MARTA public transportation and Atlanta’s finest shopping, cuisine and world-class hotels.
About Tishman Speyer
Tishman Speyer is one of the leading owners, developers, operators, and fund managers of first-class real estate in the world. Since 1978, Tishman Speyer has acquired, developed and operated over 325 projects totaling over 116 million square feet and a property portfolio of over US$54.2 billion in total value across the United States, Europe, Latin America and Asia, including signature properties such as New York’s Rockefeller Center and Chrysler Center, Berlin’s Sony Center and Torre Norte in São Paolo, Brazil.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $40 billion of assets under management. For further information, please visit our Web site, http://www.joneslanglasalle.com.
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