ITRA Corporate Real Estate Advisors Assists Allied Barton with 12,000 sq ft, Office Lease in Atlanta

Released on: January 31, 2008, 1:58 pm

Press Release Author: Gerry Gottlieb

Industry: Real Estate

Press Release Summary: The International Tenant Representative Alliance (ITRA)
announced today that Corporate Real Estate Advisors, its Atlanta, Georgia affiliate,
has assisted Allied Barton Security Services with a lease transaction for 12,000 sq.
ft. of office space in midtown Atlanta.

Press Release Body: The International Tenant Representative Alliance (ITRA)
announced today that Corporate Real Estate Advisors, its Atlanta, Georgia affiliate,
has assisted Allied Barton Security Services with a lease transaction for 12,000 sq.
ft. of office space in midtown Atlanta. Allied Barton, a leading provider of
security services nationwide, had previously been leasing three separate spaces in
the northside and midtown sections of Atlanta and in the neighboring area of
Buckhead. Because one lease's term was about to expire, Allied Barton retained
Stuart Holcombe, CCIM, of ITRA/Corporate Real Estate Advisors on an exclusive basis
to find a location where its offices could be consolidated. Holcombe had
successfully negotiated three previous transactions for Allied Barton, and four
others for Barton before it merged with Allied.

From first viewing to occupancy, the current transaction took ten months to
complete. Allied Barton had several requirements for the new property; it had to be
easy to find with simple directions and prominent signage, and it needed to be
located within walking distance of Atlanta's transportation system, MARTA. Allied
Barton also wanted free parking, which Holcombe was able to negotiate for the lease
term.

ITRA/Corporate Real Estate Advisors was able to find a space that is 20 percent
larger than that combined of the two they had been renting; allowing Allied Barton
to increase profitability because occupancy costs are being reduced by 45 percent.
Another important factor was that, during the first year of the new space's lease,
Allied Barton still had to carry the cost of renting one of the previous properties.
ITRA/ Corporate Real Estate Advisors was able to negotiate for this to be rent
neutral for the remainder of that lease's term. The other property required a
holdover, which Holcombe was able to secure at a lower holdover rate.

Stuart Holcombe, CCIM, is the President and CEO of ITRA/Corporate Real Estate
Advisors, the leading corporate tenant representative firm in the market. This
brokerage solely advocates for the interests of businesses seeking to lease or
purchase commercial property. Because his firm does not represent landlords,
developers, or REITs, Holcombe can effectively and without conflict of loyalties
evaluate and negotiate those properties best suited to his corporate clients' needs,
rather than those that meet the landlords\' objectives.

ITRA/Corporate Real Estate Advisors is an affiliate of the International Tenant
Representative Alliance (ITRA), which, with representation in over 68 cities, is the
leader in exclusively representing corporate buyers and tenants worldwide.
Throughout the process of finding the optimal property and negotiating the best
possible terms for leasing that property, this global organization provides
knowledgeable and objective advice from local office leasing professionals. ITRA
affiliates do not work for landlords or real estate management companies,
eliminating the potential conflict that exists with traditional brokers.

For more information about ITRA/Corporate Real Estate Advisors, contact Stuart
Holcombe, CCIM, at 3500 Lenox Road, Suite 1500, Atlanta, GA 30326

Tel. 1.404.816.2200/ FAX 1.404.377.8429 or by email at sholcombe@itraglobal.com. For
more information regarding ITRA, please contact ITRA\'s Executive Director, Beth
Wade, at 1.888.925.4872 (Canada and US) or 1.706.654.3201 (International) or by
email at bwade@itraglobal.com, or you may visit the ITRA website at
www.itraglobal.com.

Web Site: http://www.itraglobal.com

Contact Details: Tel. 1.404.816.2200/ FAX 1.404.377.8429 or by email at
sholcombe@itraglobal.com.

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