Lincoln Brokers Watermark Medical Inc.’s 10,000-Square-Foot Renewal and Expansion at Eleven Seventeen Perimeter in Atlanta
Lincoln Property Company Southeast (Lincoln) has brokered Watermark Medical Inc.’s lease renewal and expansion totaling 10,000 square feet at Eleven Seventeen Perimeter in Atlanta’s Perimeter submarket. Watermark Medical, a healthcare information technology firm, previously leased 5,000 square feet at the building.
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. Pete Shelton of Colliers International represented the tenant.
Eleven Seventeen Perimeter is a Class-A, LEED-certified office building near the Sandy Springs MARTA station, Georgia 400 and Interstate 285. The five-story building features free covered and surface parking, an onsite café and courtyard, a fitness center, and a newly renovated conference facility.
“As the Atlanta economy continues to improve, office tenants are growing more confident, and Eleven Seventeen has benefited from this increased confidence,” Braswell said. “Watermark Medical is one of several tenants to expand in the building lately, and it’s easy to see why: With its access to major highways and its top-notch amenities, Eleven Seventeen is the ideal location for a growing firm.”
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.