Lincoln Awarded Sales Assignment For Parker Court Business Center in Stone Mountain, Georgia
Lincoln Property Company Southeast (Lincoln) was awarded the sales assignment for Parker Court Business Center, a nine-building flex/shallow bay industrial portfolio located in Stone Mountain, Georgia. Lincoln currently leases and manages the property on behalf of the owner, MR Parker Center L.P.
“At 52 percent leased, Parker Court Business Center represents an excellent opportunistic opportunity that can be purchased at a significant discount to replacement cost,” said Denton Shamburger of Lincoln. “Leasing momentum at the property has been exceptional, with more than 60,000 square feet in leases signed over the past 15 months.”
The 243,358-square-foot Parker Court Business Center is located at 1860-1999 Parker Court. The property offers an infill location with close proximity to all major thoroughfares through metro Atlanta. The Stone Mountain market has shown strong fundamentals with more than 500,000 square feet of positive net absorption during 2014, and more than 95,000 square feet of positive net absorption in the first quarter 2015.