Grubb Properties Selects JLL to Market The Park at Perimeter Center East – The three-building office property spans 19.5 acres in Atlanta’s Central Perimeter
WASHINGTON, D.C. – (RealEstateRama) — JLL today announced that Grubb Properties engaged its Agency Leasing group to market and lease The Park at Perimeter Center East. JLL Associates Liz Koteles and David Horne will oversee leasing for the three-building office park. Charlotte-based Grubb Properties acquired the 19.5-acre property in 2015, representing the firm’s first office investment in Atlanta. Grubb Properties established a local office within The Park and has three additional corporate offices across North Carolina. Founded in 1963, Grubb Properties has completed over $2 billion in investment transactions across the Southeast over the last 25 years.
Located at 41, 47 and 53 Perimeter Center East in Dunwoody, Georgia, The Park at Perimeter Center East comprises one five-story building and two six-story buildings totalling 284,000 square feet. In the past year, Grubb Properties implemented an extensive capital improvement program for the property that included updated common areas and restrooms, a food truck court, new landscaping, new chillers, elevator modernization and a tenant engagement program. A Marketing Center for the property and several Spec-Suites are currently under construction and will be available March 1 for prospective tenants seeking move-in ready space.
The Park at Perimeter Center East is conveniently located across from Perimeter Mall, near the I-285/Ashford Dunwoody Road interchange within Central Perimeter. According to JLL’s Fourth Quarter Office Research, Central Perimeter is Atlanta’s largest submarket with over 21 million square feet of office space and holds the largest collection of Fortune 500 companies in the Southeast. The active submarket landed several corporate relocations and expansions in recent years, including Mercedes-Benz USA, State Farm and The Weather Channel.
“We are excited to have selected JLL and look forward to leasing success at The Park at Perimeter Center East,” said Scott Brown, president and chief operating officer of Grubb Properties. “We are offering excellent terms and incentive packages and look forward to JLL’s Agency Leasing group implementing its thoughtful plan to achieve our leasing goals.”
“Our team is enthusiastic about the opportunity to represent Grubb Properties in this new leasing assignment. Grubb Properties has an impressive track record of success in the Southeast and is committed to investing capital in The Park at Perimeter Center East to meet the demands of today’s tenants,” said JLL’s Koteles.
