Lincoln Racing to Finish Equitable Building Facelift

ATLANTA-Expecting the city’s class A office market to recover sometime in 2003, Lincoln Property Co. has hired HLM Design Inc. of Charlotte to refurbish the building’s lobby, mezzanine and common areas in the second, million-dollar stage of the 38-year-old, 32-story, 600,000-sf Downtown Equitable Building.

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%.