Carvana terminates massive, metro Atlanta lease after market value plunges
Carvana Co. has terminated its 570,000-square-foot sublease in Dunwoody, according to sources with knowledge of the market. The decision comes over...
Carvana Co. has terminated its 570,000-square-foot sublease in Dunwoody, according to sources with knowledge of the market. The decision comes over a year after Carvana signed the deal and anticipated hiring 3,500 people in Atlanta. It's a sign that large corporate office users are still rethinking their real estate portfolio as they pursue hybrid styles of work and reduce costs. It's unclear when Carvana (NYSE: CVNA) made the decision to terminate the lease. Carvana sublet one building in State Farm Insurance's three-building, 2.