Key facts
- Timberland REIT will establish its headquarters at Terminus 100 in Buckhead, Atlanta.
- The lease is for approximately 36,000 square feet.
- The new headquarters is expected to open in the first quarter of 2027.
- The move consolidates operations following the merger of Rayonier Inc. and PotlatchDeltic Corp.
- Other real estate deals in Atlanta include leases for Equinox and a law firm, a refinancing, a hotel acquisition, a warehouse purchase, and a new apartment development.
Timberland REIT, a newly formed entity resulting from the merger of Rayonier Inc. and PotlatchDeltic Corp., has selected Terminus 100 in Buckhead, Atlanta, for its new headquarters. The company signed a lease for approximately 36,000 square feet in the 27-story, 590,000-square-foot office tower, with plans to open the new headquarters in the first quarter of 2027. This move consolidates operations following the January merger, which brought together nearly 850,000 acres of forested land under combined control. Rayonier is relocating from Florida, while PotlatchDeltic was previously based in Spokane, Washington.
Mark McHugh, CEO of Rayonier, stated that the new headquarters will establish a strategic hub in the U.S. South, leveraging a thriving business ecosystem and proximity to the company's landholdings. The deal was brokered by Jeff Dils and Cameron Bloodworth of Cousins Properties for the landlord, with JLL's Ryanne Pennington and Brennan Koslow representing Rayonier.
In other Atlanta real estate news, luxury gym Equinox is leasing 44,000 square feet at Buckhead Village for its first Georgia location, set to open in 2027. Atlanta law firm Kabat Chapman & Ozmer LLP has signed a 13,000-square-foot lease at 14th & Spring in Midtown. Allen Morris Co. refinanced its Star Metals Offices tower with a $113.7 million loan from Mexico's Banco Inbursa, retiring a previous construction loan. Portman Holdings acquired the Westin Atlanta Peachtree Plaza hotel for $66.7 million. LM Real Estate Partners purchased a nearly 100,000-square-foot cold storage warehouse in Hiram for $27.5 million, fully leased to Hungryroot. Additionally, Vida Cos. is commencing construction on Carrena, a 289-unit apartment complex in Buford, with residents expected in fall 2027.