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Atlanta & Southeast  + Office  |  July 16, 2019
David Cohen
By: David Cohen

BlackRock Signs 132K-SF Lease for Atlanta Innovation Center

Global asset manager BlackRock Inc. signed a 132,000-square-foot lease at 725 Ponce, a new office building overlooking the Atlanta Beltline Eastside Trail. BlackRock will lease the top four floors at the property for its Atlanta innovation center.

New City Properties is developing the 12-story, $200-million project, which is located adjacent to the redevelopment of the former Sears, Roebuck & Co. warehouse, now known as Ponce City Market.

BlackRock’s innovation center is expected to employ as many as 1,000 people. It will be one of three such centers globally for the firm. The other two centers, known as iHubs, are in India and Hungary. The firm is expanding as it deals with changes in the financial sector, including the immense growth of data collection.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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