Lincoln Property Company Southeast (Lincoln) has brokered Engel & Völkers’ new 1,875-square-foot lease at Buckhead Atlanta, a 1.5-million-square-foot, mixed-use development at the intersection of Peachtree and Pharr roads. Chip Sipple, a senior investment analyst with Lincoln, represented the international real estate brokerage firm in the transaction; Amy Fingerhut of CBRE represented the landlord, developer Oliver McMillan.
Engel & Volkers Buckhead Atlanta’s office will be located on Pharr Road across the street from the Elle Apartments and will open when the first phase of the development is complete, which is expected to be this fall. Engel & Völkers is one of the world’s leading companies specializing in the sale and lease of premium residential and commercial properties and yachts.
“It was very exciting to place this high-profile firm in one of Atlanta’s highest-profile developments,” Sipple said. “This transaction is another example of Lincoln’s proven ability to put tenants in exactly the right spaces. This couldn’t be a better fit: As a well-known luxury brand, Engel & Völkers is a perfect fit for a project that will be home to a wide range of high-end tenants and retailers.”
“We’re thrilled to have Engel & Völkers join the Buckhead Atlanta community,” added Jeff Zeigler, senior managing director of retail services for OliverMcMillan. “Their offerings complement the varied roster of tenants we have lined up to date, and we are confident that Engel & Völkers brings a unique element to this destination that our guests won’t be able to find elsewhere.”
Fingerhut, vice president at CBRE, further defined the benefits of the deal, saying, “This deal signifies the beginning of a meaningful partnership between one of the largest luxury real estate and lifestyle brands and an iconic Atlanta community. This brings the global Engel & Völkers network to native Atlantans and international clients moving to the area.”
Engel & Völkers plans to open more offices throughout metro Atlanta, and Lincoln and Sipple are currently assisting the firm in its efforts to locate space in Alpharetta.