Pharmaceutical company Alimera Sciences will move its headquarters to Halcyon, the $370 million mixed-use project in Alpharetta.
Alimera will occupy nearly 15,000 square feet on the fourth floor of a new 60,000-square-foot building, becoming the first office tenant in Halcyon’s second phase. The lease is for 10 years. Financial details were not disclosed.
Another deal at the second phase of Halcyon is pending. A company that will relocate its headquarters to Georgia has agreed to lease the third floor of the new building for 10 years. The name of the company was not disclosed.
What it means: Alimera (NASDAQ: ALIM) maintains its headquarters in a 2-story building at 6120 Windward Parkway that was developed over 20 years ago. The move to Halcyon represents a flight to quality, said Alimera president and CEO Rick Eiswirth, Jr. “We’re trying to move into a more open, youthful and energetic space,” he said. “I believe this will help further the growth of our company.”
What’s next: Construction on Halcyon’ s new Building 1100, where Alimera is planning to move, is slated to finish in the fourth quarter. The second phase will also contain The Forum, a 23,000 square foot fitness center owned by former Atlanta Falcons Dan Owens and Roman Fortin. The Forum is scheduled to open early next year.
The basics: RocaPoint Partners is the developer of Halcyon. Commercial real estate services company Newmark is representing RocaPoint in lease negotiations. AKA Studio designed the interior space of the new Halcyon building.
They said it: “As we continue to see tenants develop their work environment to meet post-Covid office protocols, we believe the opportunity to use a blank canvas is more important than ever,” said Tom Miller, a managing director with Newmark. Halcyon’s office tenants also include Jones Lang LaSalle, WeWork, RSM and CMAC, Inc.