Lincoln Property Company Southeast is adding millions of square feet to its Atlanta portfolio.
Lincoln Property Company Southeast won contracts to manage 3.3 million square feet and lease 1.9 million square feet in Atlanta’s suburbs. The management assignment covers buildings in Atlanta’s North Fulton and Northeast submarkets, and the leasing assignment is for buildings in North Fulton.
Equity Office selected several top real estate firms, including Lincoln, to lease and manage the 10 million square feet of office Duke Realty Inc. is selling in markets across the country.
Last month, Duke Realty of Indianapolis announced it had entered into an agreement to sell 82 suburban office buildings in seven markets for $1.08 billion. Equity Office, serving as asset manager for the new owner, invited top commercial real estate services firms Lincoln Property Company, Jones Lang LaSalle, Cassidy Turley and CBRE Group to bid on the leasing and the management assignments.
“We are honored that Equity Office has put its trust in us, and we look forward to delivering value in both the management and leasing functions,” said Tony Bartlett, senior vice president of Lincoln Property Company Southeast and head of the Atlanta office. “Together with Equity Office, we will build and strengthen relationships with brokers and tenants in North Atlanta.”
Lincoln and other firms awarded contracts will begin work when the transaction closes by year-end. LPC Southeast will add nearly 30 new employees, most in property management, as a result of the assignment.