Lincoln Property Company Southeast (Lincoln) has brokered leases by AcheiveIt and Tropical Smoothie in metro Atlanta. The details of the deals are as follows:
• AchieveIt, which develops software that enables company leaders to track organizational performance, has signed a new lease for 10,924 square feet at Eleven Seventeen Perimeter, a Class-A, five-story office building located in the Central Perimeter submarket near the Sandy Springs MARTA station, Georgia 400 and Interstate 285.
AchieveIt is relocating from Buckhead.
• Tropical Smoothie expanded its lease at Eleven Seventeen Perimeter by 2,095 square feet; the firm now occupies a total of 9,763 square feet at the building.
Howell, Henritze and Davis represented the landlord, and Carroll of CBRE represented the tenant.
The transactions come as the metro Atlanta office market continues its recovery. The overall Atlanta office vacancy rate ended last year at 14.2 percent, down from 15 percent at the end of first-quarter 2014, according to CoStar. The Central Perimeter submarket is among the metro area’s hottest and finished last year with a vacancy rate of 13.3 percent.
“We expect a very busy 2015, as businesses continue to hire and look to expand operations in a growing economy,” said Howell, vice president of office leasing for Lincoln. “With new construction still firmly in check, office rents will continue to increase throughout metro Atlanta, and the market will grow ever more favorable for landlords.”