ATLANTA, GA (July 18, 2011) – Daymark Realty Advisors Inc., a leading provider of strategic asset, property management and structured finance solutions for owners of commercial real estate, today announced that GXS Inc. has signed a 130-month lease renewal for 54,000 square feet of space at Parkway 400 (top left photo) in the Atlanta suburb of Alpharetta, Ga.
The GXS lease will now extend through 2022.
Daymark Realty Advisors and its subsidiaries manage Parkway 400, located at 11720 and 11800 Amberpark Road, on behalf of individual owners. Since March 2009, 50,000 square feet of new leases and 77,000 square feet of renewal leases have been executed for space at Parkway 400, representing roughly 65 percent of the building.
Parkway 400 consists of two Class A office buildings totaling 193,281 square feet and situated on approximately 15 acres. The two buildings, one two-story and one six-story, face toward a common landscaped courtyard that features central green space and walking paths.
Parkway 400 is located along Old Milton Parkway, and is a few hundred yards from Georgia State Route 400, providing easy access to North Point Mall, residential golf communities, restaurants and hotels. Located in the heart of Alpharetta, the property offers ample parking with 808 surface spaces, a ratio of four spaces per 1,000 square feet.
“In a very challenging and competitive real estate market, Parkway 400 continues to attractive significant new tenants and retain existing tenants,” said John Beeland, vice president of asset management for Daymark. “Our leasing success is due to the high quality design, construction and management of Parkway 400, as well as to a necessarily aggressive leasing campaign, which we will continue to pursue.”
Sam Zelony (top right photo) of Grubb & Ellis represented Daymark Realty Advisors in the transaction. Josh Hirsh and Andy Lechter of Studley represented GXS.
Thus far through 2011, Daymark Realty Advisors and its subsidiaries have successfully executed lease transactions nationwide totaling in excess of 1.3 million square feet, valued at more than $158 million.
Contact: Damon Elder, 714-975-2659 office, 714-356-1460 cell
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