Located at 100 Peachtree St. NW, the 72% leased building was Atlanta's first skyscraper.
The Dallas-based developer has renewed 15 of the 16 expiring leases in the past two years with 30,000 sf of positive absorption, a feat matched by few comparable Downtown office properties, according to Q3 data from Richard E. Bowers & Co. Bowers shows a Downtown net absorption of a negative 308,403 sf and an overall vacancy rate of 13.61%.
"We're positioning the Equitable Building to take advantage of heightened demand as the Atlanta office market rebounds," Lincoln vice president Tony Bartlett says in a prepared statement. "Our goal is to return the Equitable to its class A status as one of Atlanta's premier office buildings."
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