.
 |
| Hunter Henritze |
ATLANTA, GA (Feb. 18, 2013) – Lincoln Property Company
Southeast has brokered more than 50,000 square feet of new leases, renewals and
expansions in metro Atlanta’s North Fulton market in the last 45 days.
Hunter Henritze
and Michael Howell, both vice presidents of office leasing for Lincoln
Property Company Southeast, represented the landlord, Equity Office, in the
transactions.
The transactions are
as follows:
 |
| Michael Howell |
• HQ Global signed a
renewal for 19,251 square feet at One Northwinds in Alpharetta. Ryan
Hudson of CBRE represented the tenant.
• Pexco signed a renewal and expansion totaling 10,585
square feet at Three Northwinds in Alpharetta.
• NuRock Development signed a new lease for 6,935 square
feet at 800 North Point Parkway in Alpharetta. Stephen Pond of NAI
Brannan Goddard represented the tenant.
 |
| Tony Bartlett |
• Trimble Navigation signed a renewal for 4,988 square feet
at Three Northwinds. BillBaldwin and Tom Tindall of Cresa
Partners represented the tenant.
• Omni Source Corp. signed a renewal and expansion totaling
2,706 square feet at Preston Ridge IV in Alpharetta. John Thornton
of CBRE represented the tenant.
 |
| One Northwinds, Alpharetta, GA |
• Sumitomo Life Insurance Agency signed a renewal for 2,670
square feet at Three Northwinds. Day Lancaster of NAI Brannan Goddard
represented the tenant.
• Nova Energy signed a new lease for 1,671 square feet at Three
Northwinds. John Organ of REMAX represented the tenant.
• DodgeCommunications signed a 1,425-square-foot expansion
at 600 Northwinds in Alpharetta.
• Anchor Home Mortgage signed a 1,557-square-foot expansion
at Preston Ridge IV.
 |
| Three Northwinds, Alpharetta, GA |
The Alpharetta
office buildings are part of a 1.9-million-square-foot portfolio of Class-A
North Fulton buildings that Lincoln is leasing on behalf of Equity Office.
“These recent
transactions represent the latest evidence of the outstanding job our team is
doing leasing and managing thisportfolio,” said Tony Bartlett, senior
vice president of Lincoln Property Company Southeast.
“As a result of our collective efforts, this portfolio is
significantly outperforming the rest of the North Fulton office market. With
more than 400,000 square feet of leasing activity in 2012, this most recent
activity has generated outstanding momentum for 2013.”
 |
| 600 Northwinds, Alpharetta, GA |
For example, the
portfolio currently has a vacancy rate of only 12 percent, compared with 21.2
percent for the Class-A office market in North Fulton as a whole.
The portfolio experienced approximately 136,000 square feet
of positive net absorption in 2012, while the Class-A North Fulton market
overall had net absorption of negative 230,378 square feet. In addition, average rental rates have
increased nearly 4 percent in the last 12 months.
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
E-mail: sursery@thewilbertgroup.com
Office: (404) 965-5026
Cell: (404) 405-2354
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