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January 17, 2019

Ackerman & Co. Represents Partnership for Southern Equity in Leasing the Entire Top Floor of The Grant Building in Downtown Atlanta

Ackerman SVP Del Early brokers 12,919 lease at historic office building

ATLANTA, January 17, 2019 – Ackerman & Co. announced today it has completed a 10-year, 12,919-square-foot lease with the Partnership for Southern Equity (PSE) for the entire top floor of The Grant Building, located at 44 Broad Street in downtown Atlanta.

Ackerman & Co. Senior Vice President Del Early represented PSE in the transaction and David Horne of JLL represented ownership, Four Mile Capital and Kramer Real Estate.

“This is an excellent opportunity for PSE to occupy this historic building, which will provide modernized space in a classic building while accommodating the long-term growth of this expanding organization,” said Del Early.

PSE plans to relocate from its current space at 100 Peachtree Street in downtown Atlanta to The Grant Building in first-quarter 2019.

“The ability for the community to easily access our location was a key requirement for our new space – creating a center for the equity movement in Atlanta and the American South,” said Nathaniel Smith, founder and chief equity officer of PSE. “With its walkable proximity to the Five Points MARTA Station, the Grant Building satisfies that need.”

Extensive improvements to the building are under way, including new elevator cabs, modernized HVAC systems and façade restoration. Built in 1898, the building is listed on the National Register of Historic Places.

“We couldn’t be more excited to welcome PSE to The Grant Building. Their continued commitment to sustainable, equitable economic growth aligns with our goals of preserving and improving one of Atlanta’s original skyscrapers,” said Chris Geer, founding partner of Four Mile Capital.

About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has nearly 8 million square feet under management and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com

About Partnership for Southern Equity

The Partnership for Southern Equity (PSE) is an Atlanta-based nonprofit that advances policies and institutional actions that promote racial equity and shared prosperity for all in the growth of metropolitan Atlanta and the American South through an ecosystem-based model for multi-demographic engagement. www.psequity.org