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."

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.