Spectrum Brands Gains Lease Relief

News Date: 
Aug 16 2010

Galaxy Partners concluded a lease buyout for Spectrum Brands’ former Global Headquarters Office in Atlanta, Georgia.  The lease encompassed the entire 33rd floor of Concourse VI, an iconic Class A suburban office building commonly referred to as the “King” building.  Galaxy secured a subtenant for the entire premises and then negotiated a favorable lease buyout for Spectrum resulting in 75%+ recovery on its remaining obligation.

Spectrum Brands is a $2 billion global consumer maker of batteries, lawn and garden, specialty pet, and shaving and personal grooming products.