ATLANTA, GA– February 6, 2017 – The development partnership of Hines, an international real estate firm, and Cousins, a self-administered and managed REIT, announced today the selection of Comcast to provide 10-gigabit Internet service to its new nine-story, 220,000 square foot office tower in Avalon. Comcast will install the all-fiber network in February 2017, ahead of the building’s projected March 31 opening.
“We are thrilled to bring some of the nation’s fastest Internet speeds to our customers at Avalon,” said Mary Hill, Vice President at Hines in Alpharetta. “As we prepare to unveil this new facility, it was essential that we could offer the most advanced technology available in the marketplace.”
The new tower is part of Avalon, an 86-acre mixed use project featuring 570,000 square feet of retail, a Regal movie theater, 23 restaurants, offices, 101 single family residences and 517 luxury rental homes all situated in a resort-like setting just off Georgia 400 at Old Milton Parkway.
“Businesses are increasingly making technology a top priority when looking to relocate or expand,” said Shawn Geagan, Senior Director at Comcast. “We are proud to be part of this important milestone, and look forward to bringing the fastest speeds in Atlanta to more businesses in 2017.”
The 8000 Avalon office building, which has already attracted numerous companies, will be positioned just above 40,000-square-feet of specialty curated retail space. It is an important part of Avalon’s second phase, which expands the retail district by 80,000 square-feet and includes an additional 267 luxury apartments, a full service 325-room hotel and a 40,000 square-foot conference center.
Wakefield Beasley & Associates Architects Inc. is the architect of the office and residential buildings.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 192 cities in 20 countries. Hines has $93.2 billion of assets under management, including $47.9 billion for which Hines provides fiduciary investment management services, and $45.3 billion for which Hines provides third-party property-level services. The firm has 105 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,180 properties, totaling over 379 million square feet. The firm’s current property and asset management portfolio includes 483 properties, representing over 199 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA primarily invests in Class-A office towers located in high growth Sunbelt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit www.cousinsproperties.com.
About Comcast Cable
Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand and also provides these services to businesses. Comcast has invested in technology to build an advanced network that delivers among the fastest broadband speeds, and brings customers personalized video, communications and home management offerings. Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company. Visit www.comcastcorporation.com for more information.