ATLANTA, GA – Lincoln
Property Company Southeast (Lincoln) is marketing Northwinds VII, a
150,000-square-foot , soon to be fully renovated Class A office building
located in the popular Northwinds Office Park in Alpharetta, Georgia.
Michael Howell and Hunter Henritze of Lincoln represent the ownership of Northwinds
Office Park, The Brookdale Group.
“Northwinds VII represents
an attractive opportunity for users to lease a large block of space in one of
the most appealing developments in the area,” said Lincoln’s Howell. “The
location of Northwinds has always been desirable to tenants, and other
development in the area, specifically Avalon, has only made it more appealing.”
The North Fulton office
market has experienced solid gains over the past three years, having absorbed
almost 1.4 million square feet, leaving Class A office vacancies now pushing
toward single digit vacancies at just over 11 percent.
Hunter Henritze |
Rental rates have also climbed steadily in the submarket and now Northwinds, the premier office park in the area, is offering a full building opportunity that will certainly attract interest from larger corporate users.
Northwinds VII offers a
unique, 150,000-square-foot block of space to prospective tenants and is in the
midst of a $1.6 million makeover that includes a renovated lobby, expanded rear
patio, new restrooms, common areas, elevator cabs, upgraded landscaping and
monument signage.
The renovations will be completed in April. Exclusive of
Northwinds VII, the Northwinds office park is 94-percent leased.
The renovations are being
financed by The Brookdale Group, which acquired the building from Blackstone
last summer.
In addition to the
renovations, Northwinds VII offers 4.5/1,000 parking, sits less than one mile
away from Avalon via the newly extended Northwinds Parkway, and offers
immediate access to Ga. Highway 400 via Haynes Bridge Road.
For a complete copy of the company’s news release,
please contact:
Gary Tanner • The Wilbert
Group
Account Executive
1720 Peachtree St., Suite
350 • Atlanta, Ga. 30309
706-229-2524
@garyttanner
Mark Braykovich
The Wilbert Group
404-343-0886
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