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Lincoln Concludes Busy Year in Metro Atlanta’s North Fulton with Nearly 100,000 Square Feet of Leases in Fourth Quarter

09 Jan 2014
Preston Ridge IV
Preston Ridge IV

Lincoln Property Company Southeast (Lincoln) brokered approximately 100,000 square feet of leases on behalf of Equity Office Properties (EOP) in the North Fulton section of metro Atlanta during the fourth quarter. The activity capped a busy and productive year for Lincoln in EOP’s North Fulton portfolio. All told, Lincoln brokered leases totaling nearly 350,000 square feet in the portfolio, which totals 2 million square feet.

Hunter Henritze and Michael Howell, each a vice president of office leasing at Lincoln, represented EOP in the transactions.

EOP’s North Fulton portfolio now has an occupancy rate of 90 percent, a significant increase from where the rate stood — 80 percent — when Lincoln began leasing the properties two years ago.

“We’ve seen the office market improve as a whole in this area, but the improved operating fundamentals witnessed in the North Fulton portfolio also are a powerful testimony to the considerable expertise and experience Michael and Hunter bring to this assignment,” said Tony Bartlett, senior vice president at Lincoln who oversees the firm’s Atlanta office. “We look forward to another brisk leasing pace in 2014.”

Among the leases that closed in North Fulton as 2013 drew to a close:

• Select Management Resources extended and expanded its lease at Preston Ridge IV in Alpharetta, Ga., to 47,187 square feet. Brad Kuehn of Atlanta Office Realty represented the tenant.

• U.S. HealthWorks extended its lease of 19,506 square feet at Preston Ridge IV. Ryan Hudson of CBRE represented the tenant.

• Jasper Wireless signed an extension and expansion totaling 18,692 square feet at Northwinds V in Alpharetta. April Hawkinson of Cassidy Turley represented the tenant.