First, Arkadios Capital, a year-old hybrid broker-dealer and advisory firm based in Atlanta, is moving from the Terminus 200 building in Buckhead into a full floor of 309 East Paces building located at 309 E. Paces Ferry Road in Buckhead.
The firm launched in spring 2017 with just two employees. When it moves into its new space this summer, it will have 20. It will more than double its revenue by the end of this year to more than $10 million.
“This new office will allow us to continue to meet the needs of successful wirehouse teams and large independent firms,” CEO David Y. Millican, a former advisor who started Arkadios out of his frustrations with the commoditization of the independent broker/dealer channel, said in a news release. “Our growth reflects a national trend as investment advisors seek flexibility, competitive payouts and more complex investment solutions.”
Arkadios is a privately held independent broker-dealer providing tailored solutions to its affiliated independent wealth advisory firms. Along with the usual suite of high-end securities, bonds and mutual funds, the platform offers access to vetted private equity deals, real estate investments, debt products and other alternative investments missing in the larger independent broker-dealer channels.
“The foundations of financial advice are diversification and independence, which are lacking as the independent broker-dealer channel becomes more and more commoditized,” said Millican. “We support entrepreneurial ideas and business models. Arkadios has the expertise and comfort level to back the various ways an advisor runs their practice.”
Advisory groups at the large wirehouses are able to establish their own office inside Arkadios’ corporate registered investment advisor, which offers ongoing support, E&O insurance, technology integration and compliance. The Arkadios platform combines the flexibility of an RIA with the traditional book of business. Registered investment advisors are able to maintain their brand, while offering their investors a suite of high-end products and investment solution.
Second, Cushman & Wakefield has secured a 25,250-square-foot, full-floor sublease for the headquarters of Guardian Pharmacy Services at the 171 17th Street building at Atlantic Station in Midtown. Guardian was previously located at 1776 Peachtree St., Suite 500 South in Midtown. In its new space, it will more than double its operation’s footprint.
Sam Hollis, Ken Ashley and Whitney Hembree of Cushman & Wakefield represented the tenant in the transaction.
“We are very pleased with this opportunity to provide a workplace environment that will enhance the effectiveness of our organization,” Guardian CEO Fred Burke said. “We are most appreciative of the excellent work done by Sam Hollis and Ken Ashley of the Cushman & Wakefield brokerage team in helping us locate here. We are impressed with the level of quality offered by the building owner, KBS Realty Advisors, and the expertise of the Cushman & Wakefield team managing the building. Our team looks forward to enjoying this office environment for many years to come.”
Guardian’s new space previously was occupied by certain business units of Cushman & Wakefield before its consolidation at 1180 Peachtree last year.
“Guardian had outgrown its existing premises, and the 171 17th space, which could no longer accommodate all of our requirements, was a beneficial sublease solution for both parties,” Hollis, executive director at Cushman & Wakefield, said in a news release.
171 17th Street is a 509,237-square-foot, 21-story Class A office building. The building was the first LEED Silver Core & Shell certified building constructed in the world, and features an expansive lobby with high-end finishes, column-free floor plates and dramatic floor-to-ceiling window lines. Amenities include an on-site café, conference center and shuttle service.