Lincoln Brokers Tropical Smoothie Café’s Lease of New Headquarters at Eleven Seventeen Perimeter in Atlanta
Lincoln Property Company Southeast (Lincoln) has brokered Atlanta-based Tropical Smoothie Café’s lease of its new 7,800-square-foot corporate headquarters at Eleven Seventeen Perimeter in Atlanta’s Perimeter submarket.
Leigh Braswell, a vice president at Lincoln, and Sabrina Altenbach, a senior leasing associate with the firm, represented the property owner, Colony Realty Partners, in the transaction. Kevin Carroll of CBRE represented the tenant.
Tropical Smoothie Café will move its support center into Eleven Seventeen Perimeter, a Class-A, five-story office building near the Sandy Springs MARTA station, Georgia 400 and Interstate 285, on June 10. The move comes as the chain, which has nearly 340 restaurants across the country, prepares to open an Atlanta store at the Perimeter Pointe shopping center, located near Eleven Seventeen Perimeter on Mount Vernon Highway. The store is likely to open in September. The chain currently has no stores in Atlanta.
“We are very excited about moving into our new home at Eleven Seventeen Perimeter,” said Mike Rotondo, CEO of Tropical Smoothie Café. “This building provides a great setting to attract the talent and resources that will support our growing business. It’s LEED-certified, close to public transportation, in a thriving area and has a great property-management staff. We couldn’t be happier.”
Eleven Seventeen Perimeter features free covered and surface parking, an onsite café and courtyard, a fitness center, and a newly renovated conference facility.
“We are very excited about welcoming Tropical Smoothie Café to Eleven Seventeen Perimeter,” Braswell said. “With its easy access to major highways and its abundant on-site amenities, the building is the perfect location for Tropical Smoothie’s new home offices.”
“Eleven Seventeen Perimeter offers a unique environment in the submarket,” Carroll said. “This calculated move to Central Perimeter positions Tropical Smoothie to continue its growth locally and around the country.”
The Tropical Smoothie Café lease is one of several recent transactions brokered by Braswell and Altenbach at Eleven Seventeen. Among the other transactions:
• DataBlue signed a new lease for 2,700 square feet.
• Zeewise renewed its 1,900-square-foot lease.
• MTN Healthcare renewed its 1,200-square-foot lease.
• Nutrifit renewed its 1,000-square-foot lease.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,000 people. Since its inception in 1965, Lincoln has developed over 34 million square feet of commercial office space, over 6 million square feet of specialty retail space and 49 million square feet of industrial space. Also a leader in owned and fee management, Lincoln currently manages over 145 million square feet of commercial property. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to http://blog.lpcsoutheast.com.
About Colony Realty Partners
Colony Realty Partners (CRP) is a privately held real estate investment company that acquires and manages commercial real estate properties on behalf of many of the world’s leading institutional investors, including pension funds, public corporations, endowments, sovereign wealth funds, and family trusts. CRP owns four Atlanta office properties for which Lincoln provides leasing and property management services: 730 Midtown, 3405 Piedmont, Eleven Seventeen Perimeter and 3333 Riverwood.