At the 19-year-old, 233,323-sf RiverEdge Place at 2000 RiverEdge Parkway, CMD signed a total 23,331 sf in new contracts. Taking the space are Lynx Chemical Group, 4,179 sf for 69 months at an aggregate rent value of $432,767; Amedisys Georgia LLC, 9,458 sf for five years at $346,943; and Lowe Engineers LLC, 9,694 sf for six years at $694,478.
At the eight-building, 18-year-old, 282,702-sf DeKalb Technology Center, Cardinal Health renewed its 4,522-sf lease for five years at an aggregate rent value of $181,017. The new leases bring RiverEdge Plaza to 50% occupancy with 23 tenants and the DeKalb County property to 88% occupancy with 30 tenants.
The average asking rent range at RiverEdge is $19.50 per sf to $21.50 per sf. At DeKalb Technology Center, the modified gross rent is $9 per sf.
Handling the transactions were Robert Grigsby of NAI/Brannen Goddard for Lynx Chemical Group, Ed Cochran of Alliance Partners Inc. for Amedisys Georgia, Sam Friedman and Bob Tipps of AFCO Realty LLC for Lowe Engineers, and Charlie Clark and Steven Proctor of NAI/Brannen Goddard for CMD.
Bill Weghorst and Tom Miller of CB Richard Ellis Inc. represented CMD in all the RiverEdge Place transactions, working with Allen Aldridge, vice president and regional manager of CMD's Southeast region.
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