Regent Partners Plans Major Office Building in Atlanta

ATLANTA, April 10 /PRNewswire/ -- Atlanta-based Regent Partners, LLC, today announced that the groundbreaking has occurred and construction is underway on its 48-story, mixed-use vertical development along Peachtree Road. Designed by world-renowned architects Smallwood, Reynolds, Stewart, Stewart and Associates, the striking modern tower breaks from the traditional square or rectangular building geometries. It is an expression as a composition of subtly curved forms that allows the tower to appear as gently rotating upwards from Peachtree to finish as a signature statement on the Atlanta skyline. Gil Garrison, AIA, principal with Smallwood, Reynolds, Stewart, Stewart and Associates, describes the building as: "Unique for a building of its height. The design of 3344 Peachtree Street is an asymmetrical, kinetic composition that will present itself in a variety of ways on the skyline depending on which vantage point you see it from. It will be one of those rare, truly memorable projects where everyone will have a particular view of the building that will be their own personal favorite."

3344 Peachtree is the tallest building to be constructed in Atlanta since 1992, and rises some 635 feet into the skyline, assuring future residents a distinctive and dominant view over the City skyline or metro-Atlanta. It will include 500,000 square feet of class-A office and retail space including a signature Buckhead Life restaurant on the Lobby Level, and 99 luxury condominium homes priced from $1 million. The project, which is a development of Regent Partners, is now underway, thus enabling occupancy for office tenants in early-2008, and occupancy for homeowners in mid-2008. Pre-leasing is underway and initial agreements are expected to be announced shortly.

With the street address, 3344 Peachtree, the new mixed-use urban community will be a focal point for Peachtree Road. In addition to its central location -- directly across from the new InterContinental Hotel, and in walking distance to Phipps Plaza and Lenox Square, the property is contiguous to Tower Place and the Buckhead Loop. Residents and tenants of 3344 Peachtree Road will have 24-hour access to the private road that connects the Tower Place complex to Peachtree Road, Piedmont Road and Lenox Road. This enables tenants and residents ingress and egress on all three major thoroughfares of Buckhead, as well as direct access to State Road 400.

"This is an exciting time for Buckhead and the Peachtree Road corridor," said David Allman, president, Regent Partners. "This area of Peachtree Road enjoys a long history in leading the urbanization of Buckhead. It began in the 1960s with Lenox Square, continued with Tower Place in the 70s, The Ritz- Carlton and Monarch Plaza in the 80s, and was followed by the office development boom of the 90s. Each time the skeptics questioned the growth, and each time the growth was proven timely and successful. We are proud to have the opportunity to continue this growth and are determined to maximize the potential of this significant site," added Allman.

"This new millennium is taking Buckhead into quintessential new urbanism with the development of vertical mixed-use residential, business and shopping communities," said David Tennery, principal, office properties and development, Regent Partners. "We are honored to be at the forefront of this change, but as an Atlanta-based company we respect the traditions of our community. Regent Partners is committed to make our statement of vertical mixed-use development as unique to our beautiful city as all of the city's other cultural heritage and attractions. We also recognize that there are several developments in various phases of planning along the corridor, and we welcome this activity. We believe Buckhead wins by the creation of the community that we envision for the Corridor. It is valuable to have multiple projects that support one another conceptually," added Tennery.

About 3344 Peachtree Road

3344 Peachtree Road will be an address of distinction. Soaring above Atlanta's skyline the modern architecture will make a graceful statement with sweeping curves that add beauty and depth to the Buckhead skyline. From street level the building will provide a warm and inviting promenade with retail, banking and financial services, and a leading Atlanta restaurant being exclusively designed by The Buckhead Life Group. Inside, the building will exude an equally inviting charm. The 99 exclusive condominium homes will have their own Lobby and Concierge Club Service on the 28th level. The condominium homes will also be named and given a distinctive brand identity. A private skyline pool with a spa, and an open air terrace complete with an outdoor fireplace, will all offer breathtaking views while swimming, relaxing or entertaining. Also planned is an Executive Fitness Center, banquet rooms for resident hosted events, and a private climate controlled wine room for owners to properly store their personal wine collections. The condominium homes, will range in size from 1,600 square feet to more than 10,000 square feet, with penthouse homes available.

The office floors will occupy levels 8 to 26, and provide amenities and services for the evolving needs of business. The architects and designers have configured the floor plates for efficiency in business by considering the changes in corporate business paradigms in creating the space. The interior will accommodate the flexibility necessary in today's mobile workforce, allow for incorporation of tomorrow's technology needs, and integrate comforts that appeal to fast-paced, reactive business.

For more information about sales and leasing, contact: David Tennery, principal, office properties and development, Regent Partners at dtennery@regentpartners.com, or at 404.364.1400.

Regent Partners

Established in 1983, Regent Partners, LLC is a leading Atlanta-based real estate development, investment and services firm. Currently the partnership has more than $400 million in active development construction projects. Since its inception the company has acquired and developed more than 10 million square feet of office, residential and hotel space valued in excess of $1 billion. Regent Partners' diverse portfolio includes hotel, residential, office, retail, mixed-use and land holdings. The senior management team consists of executives with more than 150 years of combined experience developing, managing, leasing and constructing commercial real estate assets. For more information about Regent Partners, visit www.regentpartners.com.

Media Contact: Gayle MacIntyre Global Ink Communications 404-643-8222 gaylemacintyre@aol.com

SOURCE Regent Partners, LLC

CONTACT: Gayle MacIntyre of Global Ink Communications, +1-404-643-8222, or gaylemacintyre@aol.com, for Regent Partners, LLC

<<PR Newswire -- 04/11/06>>

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