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Manulife US REIT Secures Lease Renewal From 4th-Largest Tenant

Singapore – Manulife US Real Estate Investment Trust (MUST) has secured a 65-month renewal for Kilpatrick Townsend, the largest tenant at its 1100 Peachtree property in Midtown Atlanta and MUST’s fourth-largest tenant. Kilpatrick Townsend has been a major tenant in 1100 Peachtree since 1992. Its lease term was due to expire on July 31, 2025. The lease renewal will now see the lease expire on December 31, 2030.

MUST is also continuing discussions with its lenders and sponsor in its efforts to address the financial covenant breach of its loan agreement.

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