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| Michael Howell |
ATLANTA, GA (March 23, 2015) – Lincoln Property Company
Southeast (Lincoln) has brokered leases by AcheiveIt and Tropical Smoothie in
metro Atlanta.
The details of the deals are as follows:
• AchieveIt, which develops software that enables company
leaders to track organizational performance, has signed a new lease for 10,924
square feet at Eleven Seventeen Perimeter, a Class-A, five-story office
building located in the Central Perimeter submarket near the Sandy Springs
MARTA station, Georgia 400 and Interstate 285.
Michael Howell,
Hunter Henritze and Matt Davis of Lincoln represented the landlord, Colony
Realty Partners, and Kevin Carroll of CBRE represented the tenant.
AchieveIt is relocating from Buckhead.
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| Hunter Henritze |
• Tropical Smoothie expanded its lease at Eleven Seventeen
Perimeter by 2,095 square feet; the firm now occupies a total of 9,763 square
feet at the building.
Howell, Henritze and Davis represented the landlord, and
Carroll of CBRE represented the tenant.
The transactions come as the metro Atlanta office market
continues its recovery.
The overall Atlanta office vacancy rate ended last year
at 14.2 percent, down from 15 percent at the end of first-quarter 2014,
according to CoStar.
The Central Perimeter and Buckhead submarkets, in which the
buildings above are located, are among the areas hottest areas, and finished
last year with vacancy rates of 13.3 percent and 13.1 percent, respectively.
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| Matt Davis |
“We expect a very busy 2015, as businesses continue to hire
and look to expand operations in a growing economy,” said Howell, vice
president of office leasing for Lincoln.
“With new construction still firmly in
check, office rents will continue to increase throughout metro Atlanta, and the
market will grow ever more favorable for landlords.”
For a complete copy
of the company’s news release, please contact:
Stephen Ursery
The Wilbert Group
404-405-2354