Although there has been no pre-leasing, the developers recall a sister building, Oakview I, also a spec venture, was 85% leased when it opened in April of this year. Class A rental rates in North Fulton, 25 miles north of Downtown Atlanta, average $21.90 per sf, according to Richard Bowers & Co.'s midyear office market report. J.P. Morgan acquired the 150-acre Sanctuary Park in 1997 as part of a 13-building portfolio transaction with GE Real Estate Equities and American Resurgens Management Corp.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
