Upgrades Underway at Suburban Atlanta Office
- Aug 11, 2017
Mainstreet Capital Partners and The Davis Cos. have embarked on a capital improvement program at Tucker Exchange, a 250,000-square-foot, Class A office building in Tucker, Ga. Construction is currently underway at the five-story asset with an estimated completion scheduled for fall 2017.
Completed in 1975, Tucker Exchange features 47,000-square-foot floor plates and a parking ratio of five spaces per 1,000 square feet with the opportunity to expand to a ratio of six spaces per 1,000 square feet. Situated on a 13-acre site, the office building is located one mile from downtown Tucker in Atlanta’s Northlake submarket, offering access to Interstate 285 and to nearby hotels, restaurants and retail venues.
$10 million makeover
Renovations at the property located at 2059 Northlake Parkway include interior and exterior upgrades. The improved outdoor space will feature an outdoor grill with seating area, and a new micro-mart, fitness center and a revamped conference facility. The redesigned lobby will feature new tiled flooring, modern lighting and a lounge with collaborative workspace, while the elevator lobbies and cabs will be updated with contemporary finishes.
“We are committed to a $10 million renovation designed to attract and serve high-density users across all industries and facility sizes,” said Paul Kilgallon, president at Mainstreet Capital Partners, in prepared remarks.
Executive Vice President Glenn Aspinwall and Senior Associate David Horne of JLL’s Agency Leasing team are spearheading marketing efforts at the property on behalf of the owners. The joint venture partnership paid $4.2 million for the asset in December 2016, according to Yardi Matrix.
Image courtesy of Yardi Matrix