PRIMERICA ANNOUNCED ITS CONSOLIDATION INTO A NEW 350,000 SF HEADQUARTERS IN DULUTH
Scroll down to read more in Amy Wells' report. |
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| Atlanta Office Space Market - Northeast/I-85/I-985 |
(Reported by)
Amy Wells
Project Director
Connolly Realty Services, Inc.
awells@connollyrealty.com
770-277-8000 |
Northeast/I-85/I-985 Submarket Report - 4th Qtr 2011
Effective Rental Rates:
Class A office space: $18.50-$21.00 per SF
Class B office space: $16.00-$18.00 per SF
Class C office space: $7.00-$12.50 per SF
Concessions:
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Free Rent: One month per year of term. |
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Tenant Improvement Allowance: $2.50 - $4.00 per square foot for lease terms of 3 to 5 years. No TI for less than a 3 year lease term. |
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Moving Allowances: Negotiable. |
Absorption Rate: 15,807 SF in 4th Qtr. 2011*
Vacancy Rate: 20.94% in 4th Qtr. 2011*
* Source: CoStar Group, Inc.
New office projects in the area: None.
Major office leases or announcements: Primerica announced its consolidation into a new 350,000 SF headquarters at GA 120 and Meadowchurch Road in Duluth. Delivery is scheduled for April 2013. 
Other trends in the submarket that should be noted: None. |
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| Northeast Premier Office Property Short-List* |
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Five Oaks
1600, 1650 & 1670 Oakbrook Drive
RATE:
$5.00-8.00 (MG)
MAX CONTIG:
49,083 SF |
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| Jackson Oats Shaw Corporate Real Estate |
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Gwinnett Commerce Center
3700 Crestwood Parkway
RATE:
$19.50 (G)
MAX CONTIG:
14,648 SF |
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| Transwestern |
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Intellicenter
2530 Sever Rd
RATE:
$21.75 (FS)
MAX CONTIG:
22,835 SF |
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| Transwestern |
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Overlook at Sugarloaf
2055 Sugarloaf Circle
RATE:
$20.50-24.00 (G)
MAX CONTIG:
22,731 SF |
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| CB Richard Ellis |
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| *Short-List represents featured properties inside Dorey’s Atlanta Office Guide. The Done Deals shown in this Short List are reported to us quarterly as a voluntary effort. It does not represent a comprehensive report of done deals for all Short List properties. |
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