peachtree corners collection · jones lang lasalle americas, inc. (“jll”) is pleased to present...

G W I N N E T T C O U N T Y - M E T R O AT L A N T A

PEACHTREE CORNERS COLLECTION


debt & structured financeGREGG SHAPIRO Managing Director [email protected] dir (404) 942-2208

MATT CASEY Director [email protected] dir (404) 942-2221

investment advisory team

RICHARD REID Senior Managing Director [email protected] dir (404) 942-2209

RALPH SMALLEY Managing Director [email protected] dir (404) 942-2214

HUSTON GREEN Managing Director [email protected] dir (404) 460-1646

SHEA PETRICK Associate [email protected] dir (404) 942-2217

MADDIE DAVIS Analyst [email protected] dir (404) 995-6559

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire The Peachtree Corners Collection (“Property”) a three building Collection of suburban office buildings totaling 302,201 square feet strategically located in one of Atlanta’s most dynamic office submarkets at mid-year 2020 – Peachtree Corners. Built between 1986 and 1997, the Property is a highly unique value-add opportunity to acquire a Collection of buildings with diverse profiles - one fully stabilized, one value-add and one fully vacant and poised to capture the momentum and tenant demand gravitating to highly amenitized suburban nodes, such as the immediate area which includes The Forum and Peachtree Corners Town Center. In addition to considering offers on the Collection, the owner would consider individual offers for any building or combinations of buildings.Anchored by CarMax (25% of the Property / Feb-30 expiration), The Property offers diversification across a number of growth industries including technology, financial services, law and marketing - further mitigating risk to any single industry. The immediate area is undergoing a transformation into a vibrant and rapidly redeveloping close-in suburban community. Additionally, Peachtree Corners is at the epicenter of a technological evolution in experimental IoT (Internet of Things) technology in the metro region. With mid-year net absorption figures for Peachtree Corners trailing only Midtown Atlanta (as a percentage of inventory), the assets are positioned to appeal to tenants favoring suburban office environments adjacent or near mixed-use amenities serving as the center of its respective community.

5707 PEACHTREE PWKY. 3585 ENGINEERING DR. 6625 THE CORNERS PKWY. TOTAL / AVG.

ADDRESS 5707 Peachtree Pkwy Norcross, GA 30092

3585 Engineering Dr. Norcross, GA 30092

6625 The Corners PkwyNorcross, GA 30092 Varies

PRODUCT TYPE Office Office Office OfficeSQUARE FOOTAGE 100,653 SF 98,092 SF 103,456 SF 302,201 SFSITE SIZE 8.98 acres 9.36 acres 6.55 acres 24.9 AcresYEAR BUILT 1997 1996 1986 VariesOCCUPANCY 100.0% 0.0% 43.7% 48.3%PARKING SPACES 659 spaces 375 spaces 363 spaces 1,397PARKING RATIO 6.6 / 1,000 SF 3.8 / 1,000 SF 3.5 / 1,000 SF 4.6 / 1,000 SF

THE OFFERING OVERVIEW

5707 3585 6625

2 | PEACHTREE CORNERS COLLECTION | 3

PEACHTREE CORNERS RESURGENCEThe City of Peachtree Corners is quickly becoming a preferred suburban enclave approximately 25-minutes from Atlanta’s urban core. Developments such as the new Town Center and Atlanta’s Technology Park’s revival are accelerating growth and leasing velocity in the submarket.

2015

6200 THE CORNERS PKWY (93,395 SF)

LEASING VELOCITY

2016

5051 PEACHTREE CORNERS CIR (15,445 SF)

2017

5335 TRIANGLE DR (110,000 SF)

2018

30 TECHNOLOGY PKWY (110,000 SF)

3930 E JONES BRIDGE (30,225 SF)

2019

30 TECHNOLOGY PKWY (110,000 SF)

5707 PEACHTREE PWKY (25,420 SF)

CATALYST / HUB(80,000 SF)

3720 DAVINCI CT(12,895 SF)

5707 PEACHTREE PKWY(75,748 SF)

3720 DAVINCI CT(18,000 SF)

2020

5335 TRIANGLE DR (110,000 SF)

MERLINOS & ASSOC.

THE SUMMIT(26,000 SF)

“MassMutual Latest Win For Peachtree Corners Landlords”

- Bisnow (Apr-19)“Software company Brightree LLC will

relocate HQ to Peachtree Corners”- Atlanta Business Chronicle (Feb-19)

“Hapag-Lloyd America to invest $5.5M, create 360 jobs in Gwinnett County expansion”

- Atlanta Business Chronicle (Dec-18)

RENEWED INTEREST IN SUBURBAN ASSETSSubmarket Absorption Q1 & Q2 2020

Mid

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4.0%

3.0%

2.0%

-1.0%

0.0%

1.0%

-2.0%

5.0%

Absorption % of Total Inventory in Respective submarkets

Peachtree Corners SubmarketQ1 & Q2 2020

392K SFNET ABSORPTION

3.7%SUBMARKETS

TOTAL INVENTORY


Nearby Notables Amenities

2

With direct access to Peachtree Pkwy, tenants and visitors are able to easily access over 100 restaurants by foot or car. Development continues to transform Peachtree Corners with the construction of 1,234 apartment units and 570,000 SF of industrial and office space.


The Forum Peachtree Parkway is a 500,000 SF lifestyle center that offers an elite collection of merchants, gathered in a unique outdoor setting. Located just xx.x miles from xx.x, The Forum’s Main Street offers some of Atlanta’s best selection of shopping and dining.

PROPERTY DETAILS

PROPERTY DETAILS

1

SQUARE FEET DINING OPTIONS FIRST-IN-CLASS RETAILERS

ANCHOR TENANT

500,000 19 55

Peachtree Corners Town Center is a 21-acre premier mixed-use development incorporating nearly 70,000 SF of restaruant and retail space including a theatre, shops, chef-driven restaurants, and the city’s central Town Green as well as 74 planned luxury townhomes.

LUXURY TOWN HOMES DINING OPTIONS EVENT LAWN ANCHOR TENANT

74 15 2+ ACRE

GROWING AMENITY BASE & CORRIDORN

➤➤

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Image Landsat / Copernicus



12

DIESEL

THE FORUM ON PEACHTREE PARKWAY

PEACHTREE CORNERS TOWN CENTER

6625THE CORNERS

3585ENGINEERING DR.5707

PEACHTREE PKWY.

PEAC

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KWY.

PEAC

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KWY.

Publically funded lab designed to provide real world test environment to advance next generation intelligent mobility and smart city technology. Assets include:

• 1.5 mile autonomous vehicle test track located within office park

• Fully operational 5G• 1G dedicated Fiber• 25k SF tech incubator


DYNAMIC LOCATION & ACCESSIBILITY

ATLANTAATLANTA

PEA

CHTREE INDUSTRIAL BLVD.

PEA

CHTREE INDUSTRIAL BLVD.

6625THE CORNERS

3585ENGINEERING DR.

5707PEACHTREE PKWY.

The properties have direct access to Peachtree Pkwy. and Jimmy Carter Blvd. providing direct access to I-285 and I-85. With the ease to access all of Atlanta’s MSA, the Peachtree Corner Collection is positioned to attract businesses, both large and small.

1313MinMin GA-400

5 5 MinMin The Forum

55 MinMin

Peachtree Corners Town Center

1414 MinMin

4040 MinMin

Avalon

Hartsfield Jackson International Airport

I-28515 15 MinMin

I-8514 14 MinMin

KEY DRIVE TIMES

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H O L C O M B B R I D G E R O A D

PEACHTREE CORNERSPUBLIC LIBRARY

NORCROSS HIGH SCHOOL

WESLEYAN SCHOOL

ROBERT D.FOWLER

YMCA

T H E F O R U M

C I T Y O F N O R C R O S S

T E C H N O L O G Y P A R K

ARBY ’S

WENDY ’S

GOODWILL

RESIDENCE INN

FLYINGBISCUIT

MARCO ’S PIZZA

QUIKTRIP

CREME DE LA CREME

INGLESMARKET

CVS / PHARMACY

WACHOVIA

MARRIOT HOTEL

HOMEWOOD SUITES

DICK’S SPORTING GOODS

CHICK - FIL - A

MARY OURQUEEN CATHOLIC

CHURCH

ASHWORTHCOLLEGE

ATLANTAUNITY

CHURCH

IVY PREPARATORYACADEMY

PEACHTREE CORNERS

TAG OFFICE

PEACHTREEELE MENTARY

RETAIL CENTER TARGET ,

PUBLI X, ETC

PANERA BREAD

BANK OFAMERICA

US POST OFFICE

The properties are located on the Peachtree Corners Trail System - connecting each of the assets to the surrounding amenities like The Forum and Peachtree Corners Town Center.

The city began construction on the 11.6 mile Trail System in 2016, and has continued to develop the network of paved / unpaved trails throughout the last four years.

6625

3585 5707

PEACHTREE CORNERS TRAIL SYSTEM


TOP GEORGIA SCHOOLS

ATLANTAATLANTA

6625THE CORNERS

3585ENGINEERING DR.

5707PEACHTREE PKWY.

SCHOOL RANK IN GA

Northview High School #10

Centennial High School #54

Johns Creek High School #15

Chattahoochee High School #11

Peachtree Corners boasts some of the top schools in the state, drawing decision makers and workforce talent to the area.

Norcross High School #73

FAVORABLE DEMOGRAPHICS

183,360POPULATION

$377,049AVG. HOME VALUE

$114,329AVG. HH INCOME

53.4%BACHELOR’S

DEGREE +

3-MILE RADIUS

5-MILE RADIUS

348,864POPULATION



52.3%BACHELOR’S

DEGREE +

18,739POPULATION



40.3%BACHELOR’S

DEGREE +

1-MILE RADIUS

One of the most affluent population bases in Georgia helps support the area’s high residential values and businesses. Peachtree Corners features a highly educated workforce, top rated public schools, and boasts some of the highest household incomes in the state. In addition to the influx of suburban residents in a post-COVID world, Peachtree Corners has seen a flock of millenials who are moving to the suburbs to raise families. Each of these factors attract and retain businesses who value an educated and talented workforce and proximity to executive housing.


peachtree corners collection · jones lang lasalle americas, inc. (“jll”) is pleased to present...

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