The estimated value of the lease is $2 million. The site in north Fulton County is 25 miles north of Downtown. Average asking rents at Brookside Concourse are $21.50 per sf. Timberjack is completing its relocation by March.
The Alter Group of Chicago is developing the 204-acre park. Timberjack, which moved to Atlanta from Ontario, Canada six years ago, manufactures forestry equipment for a world market.
CB Richard Ellis Inc. represented Alter. Broker Chad Koenig of NAI Brannen Goddard/Atlanta negotiated for Timberjack.
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