Metro ATL Morgan Falls Office Park Adds Tenant
- Mar 15, 2018
A team of REO Fund 2 principal Garrett Backman and Senior Vice President Jeff Taylor of Transwestern’s Atlanta Agency Leasing division represented REO Asset Strategies in closing a lease agreement with Newell Brands. The tenant will occupy almost all of Building 100, which encompasses 60,402 square feet of space, within Morgan Falls Office Park in Sandy Springs, Ga. Newell Brands was represented by CBRE in the lease negociations.
Located at 7840 Roswell Road, the five-building campus offers convenient access to Georgia State Route 400 and proximity to a number of restaurants, banks and shopping venues. According to Yardi Matrix data, Building 100 was completed in 1987 and was upgraded in 2016. In a prepared statement, Backman highlighted that all developments feature several artworks including photographs from southern locals and original pieces from southern artists.
The transaction is one of the many office deals which characterize Atlanta’s favorable economic outlook. According to data collected by Transwestern, the metro’s vacancy rate reached a 14.3% in the fourth quarter of 2017 and is expected to decrease as office demand remains strong.
Image courtesy of Yardi Matrix