Lincoln Property Co. and an Illinois pension fund have decided to sell 55 Allen Plaza, the newest, top-tier office tower in downtown Atlanta, and they expect the property to attract a lot of interest. Lincoln tapped JLL’s Atlanta office to market the 14-story, 342,854-square-foot building on Ivan Allen Boulevard on the northern edge of Atlanta’s downtown market…. Read more »
Major statistics such as unemployment and non-farm jobs are continuing to show improvement in key markets throughout the Southeast, a sign that these positive trends should continue in the fourth quarter. Unemployment is showing signs of improvement or stabilization on a monthly basis. Florida’s unemployment rate held steady at 3.5% in August, the same rate… Read more »
Lincoln Property Company Southeast has negotiated several new leases and lease extensions at Chastain Center, a six-building office park in Kennesaw, Ga. Matt Davis and George Gwaltney of Lincoln represented the building owner. New leases at Chastain Center include the following: Brand Industrial Services signed a new lease for 8,630 square feet of space. Certainty… Read more »
Lincoln Property Company Southeast has secured a 50,000-square-foot lease renewal at Huntcrest Commerce Center, a four-building, 394,354-square-foot, Class-A office park in Lawrenceville, Ga. Matt Davis and Hunter Henritze of Lincoln represented the owner, TerraCap Management. BioLab, an industry leader in the development and marketing of innovative products that provide clear water for pools and spas,… Read more »
Lincoln Property Company Southeast (Lincoln) has been appointed by Asherian to handle property management for a portfolio of five retail properties and one office building. Lincoln Senior Vice President Shane Froman will oversee management on behalf of the owner. Lincoln FleetFix will also provide ongoing and preventative property maintenance services. The portfolio includes the following… Read more »
Lincoln Property Company Southeast (Lincoln) has been appointed by Pergament Properties to handle property management for a portfolio of five office properties located in Norcross, Alpharetta and College Park, Ga. Lincoln Senior Vice President Shane Froman will oversee management on behalf of the owner. Lincoln FleetFix will also provide ongoing and preventative property maintenance services…. Read more »
Lincoln Property Company Southeast (Lincoln) and Redline Property Partners (Redline) today announced Presidio has extended its lease at 2 Sun in Peachtree Corners. Matt Davis and Matt Fergus of Lincoln represented the building owner, Redline Property Partners. Jeff Heller and LJ Wilhelmi of JLL represented the tenant. Presidio, an original building tenant, is a leading… Read more »
Builders continue to report rising development and construction costs. Nevertheless, homebuilder confidence remains positive in all regions of the U.S. over the past five months. Existing-home sales strengthened in July, a positive reversal after total sales were down slightly in the previous month, according to the National Association of Realtors. Compared to last year, July… Read more »
Lincoln Property Company Southeast (Lincoln) today announced the completion of renovations at Jefferson Plaza in Peachtree Corners, Georgia. Matt Davis and Matt Fergus of Lincoln oversee the leasing of the property. Renovations to the seven-story, 117,625-square-foot office building kicked off last September. The upgrades introduce a more modern look and feel to the main lobby and restrooms. The updated lobby… Read more »
Lincoln Property Company Southeast (Lincoln) has been retained by CapRidge Partners to handle the leasing of 1775 The Exchange, “The Triangle Building,” and the Sale or full-building lease of 1765 The Exchange. Jeff Henson and George Gwaltney of Lincoln represent CapRidge Partners, a value office investor and manager headquartered in Austin, Texas. Having recently undergone… Read more »