Georgia Pacific Center
Georgia-Pacific (G-P) Center, 133 Peachtree Street, is comprised of a 53-story Class A office tower and parking garage situated on two adjacent city blocks in the central business district of Atlanta. The building and Section A of the parking garage were constructed between 1979 and 1982. The garage was expanded in 1985-1986. Along the north side of the site, there is a small private park owned by G-P for its employees’ use. A granite-surfaced pedestrian plaza separates the front of the building from Peachtree Street. A pedestrian bridge links the garage to the east end of the tower’s lobby level.
PR&A was requested to assist the ownership, a joint venture between tenant and investor, with a third-party opinion of the condition of the property prior to a potential change in ownership. The evaluation of the as-built conditions was complicated by years of tenant improvements and changes in the original layout and use of space, as well as changes in the local code of regulations. The evaluation included specialty consultants for exterior wall, parking garage, fire and life safety systems and elevators. PR&A’s staff assessed the architectural/structural considerations, MEP systems, tenant improvements, landscape and hardscape, as well as accessibility concerns. Recent changes included modernization of the elevators, and several sustainable improvements that allow the asset to perform more cost efficiently than other properties of similar age. These changes included upgrades to cooling and heating systems, water conservation and retrofitting the lighting throughout the property with energy efficient lamps and ballasts.