“We will compete very well in the local market based on the outstanding location on the expanded Piedmont Park and Beltline, as well as the highly unique combination of standard size offices and small suites that we have available in the building,” Jenks says. The project will offer about 30,000 square feet of offices ranging from 1,000 to 8,000 square feet, as well as 12,000 square feet of small suites that range from 200 to 500 square feet.

“This type of small suite is very attractive to small and start up firms, and provides a natural ‘incubator’ for our tenants to grow in the building,” Jenks says. “We will have more than 30 small suites, and our new amenity package, including building conference room, new tenant break room, collaborative areas and outdoor decks overlooking the Park will further enhance the desirability of the building.”

With the current zoning, the three-acre property could be re-developed as high density residential in the future. The building was more than 65% leased at closing and Parkside’s strategy will drive 30% more leasable space.

“This building combines all of the things we look for in our developments and investments,” Jenks says. “A great location that cannot be duplicated in the area, upside potential from renovations, multiple exit strategies including sale, redevelopment, or conversion to commercial condo, and finally a very attractive cost per square foot.”