ATLANTA - Atlanta Property Group (APG) recently acquired three mid-rise office buildings totaling 284,000 square feet at 41, 47 and 53 Perimeter Center East in Atlanta and have rebranded the property as “The Park at Perimeter Center East.”
The transaction represents one of the few significant office acquisitions in Atlanta’s Central Perimeter submarket in the past two years, Court Thomas, a partner at Atlanta Property Group, said.
“The Park at Perimeter Center East is a compelling opportunity for tenants,” Thomas said. “We have ample capital available for renovations, tenant improvements and leasing commissions, and our basis will allow us to compete aggressively for new tenants,” he explained.
Thomas said extensive renovations are already underway at The Park at Perimeter Center East, including upgrades to the lobbies, corridors, restrooms and building systems.
APG partnered with Atlanta-based Lavista Associates, Inc. to rebrand the buildings and have named Lavista Associates exclusive leasing representatives for the five and six- story buildings which are currently 50 percent occupied. Austin Chase and Kirven Brantley will be the on-site leasing representatives for Lavista at The Park at Perimeter Center East.
“Atlanta Property Group has differentiated itself as a well-capitalized, hands-on, local owner that will aggressively meet the market to attract new tenants and foster loyal tenant relationships,” said Chase.
Lincoln Property Company will manage the properties.
For more information contact: Austin Chase, Lavista Associates, Inc. 770-729-2842; Achase@lavista.com; Kirven Brantley, Lavista Associates, Inc. 770-729-2813 KBrantley@lavista.com; Kimberly Steele, Director of Marketing & Administration Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com
About Atlanta Property Group, LLC: Formed in 2003 to invest in multi-tenant office and industrial properties in the Atlanta area, Atlanta Property Group currently owns and operates assets totaling 1.6 million square feet, including the Peachtree 25th Building, Hightower Centre, Roswell North, Pavilion Center, North Gwinnett Medical Plaza, 1001 Cherry Drive and Mansell Commons. Visit www.atlantapg.com.
About Lavista Associates, Inc.: Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings. Visit www.lavista.com.
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