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| Jeff Shaw |
ATLANTA, GA – Bridge Investment Group’s office division
announces its acquisition of the five buildings that comprise Buckhead’s
pristine 32-acre Lenox Park office campus, totaling 1.04 million square feet of
Class-A office space.
Bridge plans to
renovate the recently vacated 1277 Lenox Park Blvd., a seven-story,
153,093-square-foot building with Buckhead views and thoughtful amenities.
Lenox Park offers a nature-infused mixed-use environment that today’s companies
increasingly want to attract top-tier talent.
“With limited large blocks available in the Buckhead office
market, the 1277 Lenox Park Blvd. site is a rare opportunity for midsize and
large users to office in an existing corporate campus with optimal
accessibility to major corridors and transit,” said Jeff Shaw, CEO of
Bridge CRE.
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| David Tennery |
“The campus already has lifestyle amenities, such as an open
access yoga room in state of the art exercise facilities and a dog park, and we
are investing in the running trails, adding tenant experience centers as well
as other new exciting amenities.
"Lenox Park will afford all tenants even more instances
to gather, connect with nature and re-energize.”
Seller was represented in the transaction by JLL, led by David
Tennery, Managing Director – Capital Markets.
Leasing at Lenox Park will be led by Kevin Lott, Jim
Caswell, and Stewart Thrash of Bridge Commercial Real Estate, the office
operating subsidiary of Bridge Investment Group.
Lenox Park marks the latest deal for Bridge’s office
group, which is based in Atlanta and growing quickly. This acquisition
brings Bridge’s year-to-date total to nearly 4 million square feet of office
space closed.
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| Kevin Lott |
“Unemployment is at only 4.0 percent, and the war on talent
continues to be the topic most discussed at companies across the country,”
continued Shaw.
“It’s more important
than ever for employers to offer a great workplace experience, and that
includes having an office space that is not only customizable and filled with
hospitality-like amenities, but also has surprise-and-delight features. Bridge
is focused on continuing to build its portfolio with acquisitions and
repositioning efforts such as this.”
At Lenox Park, the first priority will be renovating and leasing
the newly available space at 1277 Lenox Park Boulevard.
The Lenox Park campus also includes more than 1,800 apartments, 150 hotel rooms and four single-family home developments, as well as more than 27 dining options within a 2-mile radius.
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| Jim Caswell |
The Lenox Park campus also includes more than 1,800 apartments, 150 hotel rooms and four single-family home developments, as well as more than 27 dining options within a 2-mile radius.
Nestled in lush green space, the campus offers running
trails, a walk-around lake, community green space and expansive outdoor patio
space, as well as a honey bee nest, from which a beekeeper provides local honey
for sale to tenants.
For more
information, please contact:
Sarah Weston
The Wilbert Group
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