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CoreNet Global Selects Georgia-Pacific Center as New Headquarters

February 23,2011

CoreNet Global, the world's leading professional association for corporate real estate and workplace professionals, has selected the Georgia-Pacific Center in Downtown Atlanta as its new headquarters location.

CoreNet Global members with expertise in designing and implementing cutting-edge workplaces are donating their time, knowledge and products to the build-out of new office space. The end result will showcase a state-of-the-art work environment in terms of planning, interior design, sustainability, flexibility, collaboration, openness, technology, furnishings, light, ventilation, and other features.

The project, known as "Moving in the Right Direction," will result in a truer representation of the CoreNet Global brand reflecting the many innovations and best practices surrounding the art and science of today's built and virtual work environments.

"The main goal is to move toward an open, collaborative environment that supports teamwork along with the brand identity and culture of our membership," according to CoreNet Global CEO Angela Cain. "The response to our call for help has been phenomenal, with an impressive array of members and their companies stepping up to transform our global headquarters into a progressive workplace. That's why we're calling this important change 'Moving in the Right Direction.'"

CoreNet Global, which has been based in Downtown Atlanta since September 2002, is maintaining its presence in the Central Business District, as the selection of the new location shows. The move to the 30th floor of the Georgia-Pacific Center from the group's existing Downtown location at 260 Peachtree Street will take place in July, 2011, according to Cain.

The group's long-term current lease of 12,000 square feet is ending and afforded the opportunity to combine a workplace transformation with a new lease of less than 10,000 square feet. The new, seven-year lease will reduce space usage by 17 percent.

The availability of an open floor plate and competitive leasing rates were key factors in the decision by CoreNet Global to relocate. Another major plus is the renovation of the interior public spaces within the 51-story, 1.12-million-square-foot Georgia-Pacific Center at 133 Peachtree Street by the building's owners, Georgia-Pacific LLC and MetLife.