In a separate transaction, occupancy at Northridge Center in Atlanta's Central Perimeter market rises to 98% with expansion to a 10,500-sf lease by Dallas-based Affiliated Computer Services, Inc.
Locally based Barry Real Estate Companies is a partner in Parkwood Point, LP, which owns the property. Barry is the leasing agent for both Northridge and Parkwood. Barry officials refused to disclose leasing details.
But area brokers tell GlobeSt.com on condition of anonymity the quoted average asking rent at 100 Parkwood Point is $25.25 per sf and $21 per sf at Northridge.
Northridge Center is a two-building, 188,000-sf development, owned by locally based PHL-OPCO, LP. Parkwood Point is designed as a two-building, 470,000-sf development at Powers Ferry Road and Windy Ridge Parkway. Phase 1, 100 Parkwood Point, is an eight-story, 220,000-sf, class-A building that opened on March 1, 2001.
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.
