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2 Solar. All pictures courtesy of Lincoln Property Co. Southeast -
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Nuclear gas cycle expertise and consulting options supplier NAC Worldwide has signed a 23,000-square-foot lease at 2 Solar, a Class A workplace constructing in Peachtree Corners, Ga. Lincoln Property Co. Southeast brokered the lease signing on behalf of the owner, Redline Property Companions, whereas Savills facilitated the deal for the tenant.
In line with CommercialEdge, the proprietor picked up the asset again in 2017, for $11.2 million. The identical supply reveals that the 98,040-square-foot, four-story workplace constructing was initially accomplished in 1999 on a 9.7-acre website and underwent beauty renovations in 2019. The property provides three factors of entry and a parking ratio of 6.5 areas per 1,000 sq. toes.
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Positioned at 2 Solar Court docket NW in downtown Peachtree Corners, the workplace constructing is lower than 2 miles from The Discussion board, the town’s major vacation spot for eating, retail and leisure. The property can be lower than a mile from numerous purchasing facilities, resorts, eating places and health facilities, whereas Hartsfield-Jackson Atlanta Worldwide Airport is a few 35 miles away.
Lincoln’s Senior Vice President Michael Howell, Vice President Matt Fergus and Senior Leasing Affiliate Seabie Hickson assisted the owner. Managing Director Cory Corridor and Vice Chairman Bo Keatley of Savills brokered the deal on behalf of NAC.
Adapting to the wants of the fashionable workforce
The workplace constructing is a part of the master-planned neighborhood of Know-how Park Atlanta. An out of doors tenant patio, campus-wide Wi-Fi and meals supply service for tenants are among the many facilities and providers obtainable at 2 Solar. NAC joined the prevailing tenant roster on the property, together with Corners Outreach, American Houses 4 Lease, Iron Mountain and Presidio.
In a ready assertion, Fergus mentioned that the latest upgrades allow 2 Solar to make the most of the submarket’s increasing demand, as workplace tenants proceed to hunt extremely amenitized areas, that cater to the quickly evolving wants of the fashionable workforce.
In line with CommercialEdge’s latest nationwide workplace report, the Sunbelt is main the nation in relation to workplace employment development, Atlanta registering a 7.7 % enhance in workplace jobs year-over-year by way of September 2022.
As revealed by a report from Lincoln, Northeast Atlanta has continued to outperform different submarkets lately, registering the bottom emptiness price throughout all property lessons, at simply 15.9 %. The identical market analysis exhibits that the realm’s workplace sector witnessed a constructive absorption of 5,117 sq. toes within the third quarter of 2022.
