Downtown Atlanta

ATLANTA—A partnership between Banyan Street Capital and funds managed by Oaktree Capital Management is betting CBRE can help fill up its class A business park in Milton, GA. CBRE will handle leasing for Deerfield Corporate Centre at 13010 Morris Road. Jeff Keppen and Elliott Grand are spearheading efforts at the two-building, 269,600-square-foot office park.

Based in North Fulton, Milton is a vibrant city with strong talent pool and a large tech company base, ranging from start-ups to established headquarters. With strong schools, an increase in job opportunities, shopping and event venues, it has become an attractive submarket for companies looking to relocate to this prominent region.

“Market fundamentals in the North Fulton submarket are healthy with approximately five years of continued rent growth,” Grand, a first vice president at CBRE, tells GlobeSt.com. “Office tenant demand remains strong along with overall population growth in this submarket. North Fulton in particular has the opportunity to draw top talent, as its proximity to top residential areas and momentum among creative office tenants continues.”

With no new construction completions in 2016—some markets are particularly supply constrained—Atlanta has experienced a decrease in the amount of office space available. Subsequently, leasing activity continues to remain robust, according to CBRE Research. In this space-constrained market, Deerfield Corporate Center has two full floors of space and several smaller spaces currently available with plans to build out two new creative suites. The park's design allows for above-market parking and ownership recently completed a major courtyard renovation.

“Deerfield Corporate Center has the advantage of being in a prime corridor, and when combined with recent investment in upgrades, ownership has an unmatched advantage with this property,” says Keppen, a CBRE senior vice president. Keppen and Grand of CBRE's Advisory & Transaction Services, Investment group in Atlanta are responsible for the marketing of several business parks throughout the metropolitan region.

Downtown Atlanta

ATLANTA—A partnership between Banyan Street Capital and funds managed by Oaktree Capital Management is betting CBRE can help fill up its class A business park in Milton, GA. CBRE will handle leasing for Deerfield Corporate Centre at 13010 Morris Road. Jeff Keppen and Elliott Grand are spearheading efforts at the two-building, 269,600-square-foot office park.

Based in North Fulton, Milton is a vibrant city with strong talent pool and a large tech company base, ranging from start-ups to established headquarters. With strong schools, an increase in job opportunities, shopping and event venues, it has become an attractive submarket for companies looking to relocate to this prominent region.

“Market fundamentals in the North Fulton submarket are healthy with approximately five years of continued rent growth,” Grand, a first vice president at CBRE, tells GlobeSt.com. “Office tenant demand remains strong along with overall population growth in this submarket. North Fulton in particular has the opportunity to draw top talent, as its proximity to top residential areas and momentum among creative office tenants continues.”

With no new construction completions in 2016—some markets are particularly supply constrained—Atlanta has experienced a decrease in the amount of office space available. Subsequently, leasing activity continues to remain robust, according to CBRE Research. In this space-constrained market, Deerfield Corporate Center has two full floors of space and several smaller spaces currently available with plans to build out two new creative suites. The park's design allows for above-market parking and ownership recently completed a major courtyard renovation.

“Deerfield Corporate Center has the advantage of being in a prime corridor, and when combined with recent investment in upgrades, ownership has an unmatched advantage with this property,” says Keppen, a CBRE senior vice president. Keppen and Grand of CBRE's Advisory & Transaction Services, Investment group in Atlanta are responsible for the marketing of several business parks throughout the metropolitan region.

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