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JLL and Northmarq Partner on Office Acquisition
JLL Atlanta has announced the acquisition of 3550 Engineering Drive in Peachtree Corners by long-term client RealCo. JLL’s Executive Vice President Paul Hanna managed the transaction, alongside Northmarq Vice President Katie Elliott. Tom Shafer, John Hinson and Chase Mathews with OnPace Partners represented the seller in the transaction.
The four-story 102,000-square-foot office building on 6.6 acres adjacent to the future Peachtree Corners Technology Park and trail recently secured FLEETCOR for an 11-year 25,244-square-foot lease.
“As available space tightens in this desired submarket, we have seen demand pick up. The 3500 Engineering Drive building is in an area of growing demand for office, and is one of Peachtree Corners’ hidden gems,” said Hanna. “This client believes in the future of office, and this submarket specifically. This acquisition goes to show that there are investors who understand that office is an important and strategic asset to own.”
- ◦Sale/Acquisition