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Connect CRE: LPC Arranges Sale of 15-Acre Office Property in Peachtree Corners

20 May 2020

Lincoln Property Company Southeast (LPC) has brokered the sale of 2975 Northwoods Parkway, an 86,000-square-foot office property located within the Northwoods Business Park in Norcross. The sales price of the 15-acre property was not disclosed.

The property is currently occupied by technology solutions provider Diversified on a seven-year lease term, with an option for renewal. LPC’s Chip Sipple and Jeff Henson represented the seller in the transaction.

“The Norcross market continues to experience rapid growth, presenting a prime investment opportunity for buyers,” said Sipple. “With long-term tenancy and a strategic location, 2975 Northwoods Parkway will continue to be an attractive asset in the future.”

The building is currently occupied by Diversified for a new seven-year lease term, with option for renewal. The company is an industry leading technology solutions provider delivering innovative digital media, collaborative broadcasting, electronic security and OTT solutions to global clientele across a wide array of markets.

-Connect CRE Atlanta