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Silicon Valley Investment Firm Increases Footprint by More Than 15,000 Square Feet in Cobb County

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Silicon Valley Investment Firm Increases Footprint by More Than 15,000 Square Feet in Cobb County

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Leading diversified professional services and investment management company Colliers recently brokered a 23,999-square-foot office lease on behalf of Silicon Valley technology private equity firm Accel-KKR at Galleria 300 in Atlanta, Georgia. In a move to expand its current East Coast operations, Accel-KKR will further solidify its commitment to Atlanta once its office relocation is completed in August 2023.

โ€œAtlanta is a strategically located hub with access to all markets on the East Coast,โ€ said Rob Palumbo, co-managing partner of Accel-KKR. โ€œThis long-term lease will allow us to accommodate our long-term growth objectives and attract future talent.โ€

Topping theย 2021 HEC – DowJones Private Equity Performance Ranking, Accel-KKR isย regarded as a premier technology-focused global private equity firm.ย Since 2014, the firm has had a presence on the East Coast from an 8,500-square-foot office space in The Medici building in Buckhead, Georgia. Accel-KKRโ€™s expanded footprint at Galleria 300โ€™s Class-A tower will enable the firm to more than triple its current East Coast headcount over time.

Located along major arterials in Atlanta, Galleria 300 will provide employees with a central and easily accessible workplace, and will offer employees and guests elevated amenities and nearby attractions. A short walk away is The Battery, one of Atlantaโ€™s top-ranked entertainment hubs where employees and guests can dine, shop, and enjoy live entertainment at Truist Park and the Coca-Cola Roxy.

Accel-KKRโ€™s sole tenancy on the 19thย floor of the 20-story Galleria 300 will also provide the firm with extra security and privacy.

โ€œCobb County is a value-add market that will continue to rise in popularity, as new or modified developments continue to attract residents and create new business opportunities for the region,โ€ said Andrew Walker, a senior vice president and principal at Colliers and current board member of Cobb Countyโ€™s economic development team. โ€œWith the office expansion of Accel-KKRโ€™s East Coast operations, Cobb County will be put on the map as a top destination for technology companies and decision-makers nationwide.โ€

Walker represented Accel-KKR during negotiations with Piedmont Office Realty Trust, owner and operator of Galleria 300โ€™s recently renovated 432,934-square-foot property. Other notable tenants include Cumberland Group, The Shopping Center Group, Childress Klein and PowerPlan.

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