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Lincoln Property Company Southeast Closes New Deals at Park Central, Bringing Class-A Office Building to 91% Leased

22 Aug 2019

Lincoln Property Company Southeast (Lincoln) has secured numerous leases at Park Central, a 215,000-square-foot Class-A office building located in Atlanta’s Chamblee/Doraville/North Druid Hills submarket, bringing it to 91% leased. Michael Howell, Hunter Henritze and Caroline Cole of Lincoln handle leasing on behalf of the owner, TerraCap Management LLC (TerraCap).

Recent transactions completed at Park Central include:

  • Paychex North America expanded its current lease, and now occupies a total of 13,360 square feet at the building. Mike Marron of Acclaim Group represented the tenant.
  • Lead Forensics signed a new lease for 11,450 square feet. Pete Shelton of Colliers represented the tenant.
  • Cherokee Nation Assurance signed a new lease for 4,070 square feet. Paul Holmes of CBRE represented the tenant.

After purchasing the building last spring, TerraCap announced its plan to make significant upgrades to the building systems, common areas and amenities that will total approximately $3.4 million in new investment.

“Ongoing improvements at Park Central have resulted in a speedy lease-up of remaining vacancy and high retention rates of existing tenants,” said Lincoln’s Henritze. “With its proximity to public transit, major highways, beautiful neighborhoods and superior amenities, interest remains high at Park Central among potential tenants and current tenants, alike.”

Park Central is strategically located at 2970 Clairmont Road, near the intersection of Clairmont Road and I-85 with visibility from the interstate. Its proximity to emerging residential and commercial neighborhoods in Brookhaven, Chamblee and Decatur has created strong demand for this highly accessible address. The building features 24-hour security, a fully equipped fitness center, updated conference center, on-site management, free covered parking and immediate access to Georgia 400, Interstate 285 and public transit.