Lincoln Arranges Multiple Leases for Atlanta Mixed-Use Asset
- May 04, 2017
Lincoln Property Co. Southeast’s client Knox/Redan and The Loudermilk Cos. have arranged multiple leases for the upcoming 309 East Paces office building in Atlanta. Through the new leases, the mercantile style re-development, which used to serve as the headquarters of Aaron’s Inc,, is now 60 percent pre-leased.
Located at 309 East Paces Ferry Road NE, in the active Buckhead submarket, the 105,000-square-foot property offers more than 80,000 square feet of boutique Class A office space and above-ground floor retail. The 12-story asset also features controlled access and covered parking space. 309 East Paces is situated between The Shops of Buckhead Atlanta and several residential and office towers. The building completed in 1964 initially incorporated retail space, after which it has been converted to office and is now slated for completion in June.
One of the latest tenants to sign at 309 East Paces is Industrious Atlanta that will join Patterson Real Estate Advisory Group and The Loudermilk Cos., among others. Shaun Weinstock, owner of Weinstock Realty & Development LLC, represented the tenant.
According to data provider Yardi Matrix, the property is subject to a $7 million construction loan originated by the Bank of North Georgia, which is due in 2018.
Rendering courtesy of Lincoln Property Co.