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Lincoln Receives Leasing Assignment for 56 Perimeter Center East in Atlanta’s Central Perimeter Submarket

26 May 2016

Lincoln has won the exclusive leasing assignment for 56 Perimeter Center East, a six-story 94,839-square-foot office building in the Atlanta’s Central Perimeter submarket that was recently acquired by OA Development. Michael Howell, senior vice president at Lincoln, will oversee the leasing of the building.

“We are honored to have been awarded this assignment from OA Development,” Howell said. “The Central Perimeter submarket has been Atlanta’s most dynamic submarket in recent years as evidenced by the high-profile expansion and relocation announcements to include Mercedes Benz, State Farm, Cox Enterprises and AirWatch to name a few.”

Central Perimeter experienced nearly 300,000 square feet of positive absorption in 2015, driving the vacancy rate down to 13.5 percent, the second lowest historical vacancy rate since 2000 when vacancy was 10.7 percent.

56 Perimeter Center East features an abundance of nearby walkable amenities including Perimeter Mall and Park Place Shopping Center. Located within the master-planned Perimeter Center East office park, the property is just minutes away from Georgia 400 and Interstate 285.