Lincoln Property Company Southeast Wins Property Management Assignment for 2045 Peachtree Medical Office Building in Buckhead
Lincoln Property Company Southeast (Lincoln) has won an assignment to manage 2045 Peachtree Road, a 72,923-square-foot medical office building located directly across from Piedmont Hospital and the Shepherd Center in Atlanta’s Buckhead submarket.
Tenants in the building include Peachtree Orthopaedic Clinic, Dermatology Consultants, Piedmont Medical Care Corp. and the Shepherd Center. Lincoln will oversee new capital investments by ownership designed to enhance the appearance of 2045 Peachtree Road and to increase operational efficiencies.
2045 Peachtree is the third asset in Atlanta for which HD Realty, a Nashville, Tennessee-based asset-management firm representing the building owner, has awarded Lincoln a third-party service assignment. HD Realty previously awarded the leasing and management of Lenox Center and Lenox Plaza to Lincoln. Since taking over these two projects, the Lincoln team has leased over 58,000 square feet, reduced operating expenses by 12 percent, managed $1.3 million in capital projects and raised overall occupancy by 48 percent.
“We are honored that HD Realty has chosen us to manage another one of its Atlanta properties,” said Shane Froman, vice president of property management for Lincoln. “It’s a clear affirmation that hard work and good performance will be rewarded, and we look forward to creating the same kind of value at 2045 Peachtree. We have a great appreciation for the relationship we have established with HD Realty, and their trust in us to be good stewards of their assets is why we are in the business.”