Cherry Street Energy Signs Lease for Flagship HQ at Brickworks in Atlanta’s West Midtown
JLL Atlanta’s Tenant Representation Group today announces that Cherry Street Energy, an Atlanta-based solar energy company, is relocating its flagship headquarters to a 13,600-square-foot space at Brickworks, a mixed-use property located in West Midtown. JLL Senior Vice Presidents Joey Kline and Terry McGuirk represented Cherry Street Energy in the deal. Bennett Gottlieb at Capital Real Estate Group represented Asana Partners, the building’s owner.
Cherry Street Energy has signed a 13,600-square-foot lease at Brickworks where it will relocate 50 employees and establish its new headquarters. The relocation marks a major expansion for the renewable power company, with its previous space being just 1,500 square feet. The announcement comes on the heels of Cherry Street Energy receiving a $40 million investment to increase project capacity and expand its team. The space will also support new product development for the company as it continues to innovate in the rapidly expanding market for renewable energy.
“We are proud to have worked with Cherry Street Energy to find the ideal office environment that will have a direct and positive impact on its future business, as well as its larger mission of powering cities, businesses and institutions with renewable and sustainable energy,” said JLL’s Kline. “As seen through this lease, the ability to find the right workplace experience for each tenant will continue to fuel the resurgence of the office sector in Atlanta.”
As part of the lease agreement, JLL negotiated with the landlord on behalf of Cherry Street Energy to include solar panels and EV charging stations at the property. Once employees are occupying the new space, work will commence on the installation of the solar panels and EV chargers. In addition to supporting the widespread adoption of renewable energy and reducing carbon emissions, the installation will become an opportunity for Cherry Street Energy to showcase its industry-leading technology to potential customers.
“As we move forward into this next chapter, it was crucial that we worked with a landlord that shared our passion and commitment to this inevitable and necessary transition to renewable power,” said Michael Chanin, CEO for Cherry Street Energy. “We are grateful for our partnership with JLL, which allowed us to find well-located office space to support our growing team and expanding business. We look forward to bringing our team of innovators to Brickworks as we continue our mission of delivering clean, reliable energy throughout Georgia and the southeast.”
Acquired by Asana Partners in 2020, Brickworks encompasses 194,000 square feet of retail, dining and service amenities across several adaptive reuse buildings. In a joint venture with Sterling Bay, Asana broke ground last year on a 225,000-square-foot, Class-A office building adjacent to the original buildings. Once complete, the mixed-use campus will be a walkable hub of commercial activity.
“We know that creative and retail-driven workplaces are the most attractive office solution for today’s tenants,” said JLL’s McGuirk. “We are proud to have had the opportunity to work with Cherry Street Energy and find their team the expanded space needed for its new headquarters.”
Brickworks is a prime example of a recent wave of investment in West Midtown positions the district as one of the most dynamic and highly amenitized areas in Atlanta. According to JLL research, continued demand for high-quality office space in mixed-use environments are drawing companies back to the office. JLL reports notable leasing activity last quarter of more than 1.3 million square feet, signalling a positive shift in momentum for the market. Energized leasing activity is expected to continue throughout the year given Atlanta’s long-term appeal.
Article courtesy of Metro Atlanta CEO, published August 16, 2023