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Mystery Anchor Signs Deal at Sanctuary Park

ATLANTA-Ground has been broken on a 225,000-sf office building in suburban Alpharetta, GA. Owner Strategic Property Fund, managed by J.P. Morgan Fleming Asset Management, and the leasing agent are not disclosing the lead tenant's name or terms of the deal.

By Stacey Corso | Updated on April 24, 2002

ATLANTA-A five-story, 225,000-sf class A office building will be the next addition to the Sanctuary Park suburban office complex in suburban Alpharetta, GA, 30 miles north of Downtown Atlanta.

Strategic Property Fund, managed by J.P. Morgan Asset Management of New York City, broke ground on the 225,000-sf building in February. The leasing agent for the Falls at Sanctuary Park, the local office of Jones Lang LaSalle, expects completion by January 2003.

Richard Knowlton, senior vice president/regional leasing director at Jones Lang LaSalle, tells GlobeSt.com that 35% of the building (75,000 sf) is preleased. He wouldn’t disclose the anchor tenant’s name, terms of the lease or construction costs.

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