Lincoln Property Company Southeast | Atlanta June 2022
ATLANTA MARKET REPORT
PREPARED FOR DILWEG
TABLE OF CONTENTS THE ATLANTA MARKET & MARKET STATS / SECTION 01
Lincoln Property Company Southeast | Atlanta
COMP SET ANALYSIS / SECTION 02
LEASING STRATEGY & RECOMMENDATIONS / SECTION 03
Lincoln Property Company Southeast | Atlanta
THE ATLANTA MARKET
SECTION 01
ATLANTA FUNDAMENTALS Q1 2022 2019
2020
2021
Q1 2022
TOTAL INVENTORY
190,378,169
192,116,721
195,045,503
195,689,503
TOTAL VACANCY%
15.8%
17.7%
20.2%
20.8%
1.5%
2.6%
2.6%
3.0%
1,022,059
(2,205,296)
(2,434,184)
(681,414)
$26.80
$27.43
$28.27
$28.61
SUBLET AVAILABLE%
Lincoln Property Company Southeast | Atlanta
NET ABSORPTION
QUOTED RATE
CENTRAL PERIMETER FUNDAMENTALS CENTRAL PERIMETER OFFICE | CLASS A & B | YTD 2022 Inventory
24,397,105
Vacancy %
22.3%
Sublease Inventory
1,039,465
Net ABS (YTD)
208,106
Quoted Rate
$30.91
CENTRAL PERIMETER OFFICE | CLASS A & B | HISTORICAL DATA
Lincoln Property Company Southeast | Atlanta
Inventory 5-YR Deliveries (2017-YTD) 5-YR OCC Change (2017-YTD) Net ABS Total (2017 - YTD) 5-YR Rate CAGR
24,397,105 742,130
(8.0) (1,563,279) +2.9%
Lincoln Property Company Southeast | Atlanta
COMP SET ANALYSIS
SECTION 02
COMPETITIVE SET BUILDING ADDRESS Subject Property The Pointe - Bldg 400 The Pointe - Bldg 500
Lincoln Property Company Southeast | Atlanta
TOTAL Competitive Set Embassy Row - Bldg 300 Embassy Row - Bldg 400 Embassy Row - Bldg 600 Northridge Center I Northridge Center II River Ridge I Northridge Plaza TOTAL OVERALL TOTALS
RENTABLE BUILDING AREA
DIRECT VACANT SPACE
DIRECT AVAILABLE SPACE
SUBLET VACANT SPACE
MAX CONTIG.
OCCUPANCY
YTD NET ABSORPTION
AVERAGE ASKING PSF (GROSS)
272,914 172,000
17,889 72,018
40,872 72,018
0 0
7,900 46,397
93.45% 58.13%
4,271 23,123
$25.50 $24.50
444,914
129,116
112,890
0
79.79%
27,394
$25.00
165,111 156,056 174,346 64,381 134,022 185,000 128,055 1,006,971 1,451,885
25,050 28,530 22,023 37,817 10,868 98,441 31,605 254,334 344,241
127,760 63,894 38,276 20,492 5,045 100,914 35,550 391,931 504,821
23,796 37,031 0 0 0 3,824 0 64,651 64,651
84.83% 81.72% 87.37% 41.26% 91.89% 46.79% 75.32% 74.74% 76.29%
0 (11,050) 4,563 0 9,790 (3,824) 1,041 520 27,914
$27.50 $27.50 $27.50 - $28.50 $23.00 - $23.50 $24.50 $22.50 - $24.50 $24.50 $26.00 $25.67
100,202 25,981 16,253 14,242 5,045 24,283 21,605
COMPETITIVE SET AVAILABILITIES
Lincoln Property Company Southeast | Atlanta
BUILDING ADDRESS The Pointe - Bldg 400 The Pointe - Bldg 500 *Embassy Row - Bldg 300 Embassy Row - Bldg 400 Embassy Row - Bldg 600 Northridge Center I Northridge Center II River Ridge I Northridge Plaza TOTALS
1,000 - 5,000
5,001 - 8,000
8,001 - 15,000+
4 4 0 2 4 0 0 10 2 26
1 0 0 2 1 2 1 1 1 9
0 1 0 2 1 1 0 0 0 5
*Ceridien Floors 3&6 - 8/21/23 / Aliera Healthcare Floors 4&5 - 2/28/26
Full Floor Availabilites 0 2 6 0 0 0 1 3 1 13
COMPETITIVE SET SPEC SUITE AVAILABILITIES
Lincoln Property Company Southeast | Atlanta
BUILDING ADDRESS The Pointe - Bldg 400 The Pointe - Bldg 500 Embassy Row - Bldg 300 Embassy Row - Bldg 400 Embassy Row - Bldg 600 Northridge Center I Northridge Center II River Ridge I Northridge Plaza TOTALS
1,000 - 5,000
5,001 - 8,000
8,001 - 15,000+
1 2* 3
0
0
*Ongoing Spec Suite program (+/- 12 during Ownership hold)
THE POINTE BLDG 400 | STACKING PLAN MAY 2022
Lincoln Property Company Southeast | Atlanta Lincoln Property Company Southeast | Atlanta
Available
M to M
2022
2024
2023
2025
2026
2027
Vanco Payment Solutions Suite 1200 10,281 SF - 9/30/2024
2028+
Landmark/Bell Suite 1201 514 RSF - 5/31/2068
Martin Bagwell Luke Suite 1225 4,012 RSF - 12/31/2025
12
24,325
11
24,208
10
24,141
Nolan Transportation Group, LLC Suite 1000 24,141 RSF - 5/31/2026
9
24,177
Engine Insight Services, Inc Suite 900 24,177 RSF - 7/31/2026
8
24,796
7
24,151
6
23,867
5
22,115
4
20,650
3
18,432
2
17,979
1
12,754
Sentry Management Suite 1250 9,518 RSF - 6/30/2027
Comnet Suite 1100 19,787 RSF - 6/30/2025
Wakely Consulting Group, LLC Suite 1150 4,421 RSF - 7/31/2023
Embark Holdco Suite 800 18,126 SF - 12/31/2026
reQuire Suite 850 6,670 RSF - 7/31/2022 Compass Group USA Suite 700 24,151 RSF - 12/31/2026
Compass Group USA Suite 600 21,499 RSF - 12/31/2026 CCRM Management Suite 500 2,886 RSF - 12/31/2024
On Q Financial Suite 515 1,801 RSF - 12/31/2024
Environmental Planning Specialists Suite 400 9,577 RSF - 5/31/2023
Property Management Office Suite 130 2,788 RSF
Vacant Suite 135 415 RSF
Erisa Pros* Suite 250 2,209 RSF Georgia Behavior Suite 140 1,574 RSF - 12/31/2023
Demand Driven Technologies Suite 590 5,916 RSF - 9/30/2023 Vacant Suite 475 4,317 RSF
Capital Directions Suite 350 8,778 RSF - 9/30/2029
Transportation Insight Holdings Suite 220 5,105 RSF - 3/31/2023 Storage Suite 120 603 RSF
Bestar Suite 580 2,612 RSF - 9/30/2023
IPFS Corporation Suite 450 4,535 RSF - 12/31/2026
Crawford Communities Suite 325 5,158 RSF - 4/30/2029
JM Logistics Suite 200 4,274 RSF - 3/31/2026 Compass Group Suite 110 1,516 RSF - 12/31/2026
Axioma Suite 550 7,832 RSF - 9/30/2022
Mariner Wealth* Suite 425 2,221 RSF
Vacant Suite 300 2,066 RSF
Cafe 400 Suite 100 1,939 RSF - 2/29/2024
Vacant Suite 540 1,788 SF
Adevco Suite 620 2,368 RSF - 6/30/2025
Compass Group Suite 375 2,430 RSF - 12/31/2026
Investment Property Suite 255 1,576 RSF - 11/30/2023
Fitness Center Suite 141 2,155 RSF
Vacant Suite 145 208 RSF
Courtesy Finance Suite 260 2,280 RSF - 11/30/2026
Compass Group Suite 150 1,406 RSF - 12/31/2026
MCI Suite 155 150 RSF
THE POINTE BLDG 500 | STACKING PLAN MAY 2022
Lincoln Property Company Southeast | Atlanta
Available
M to M
2022
2023
2024
2025
2026
2027
2028+
Aderant North America Suite 800 16,297 SF - 12/31/2022
Aderant North America Suite 850 6,890 RSF - 12/31/2022
8
23,187
7
23,364
6
21,847
5
23,123
Vacant Suite 500 23,123 RSF
4
23,123
Senta Partners* Suite 400 23,123 RSF
3
19,722
2
17,043
1
8,515
Cisco Systems Suite 700 15,139 RSF - 8/31/2023
Best Buy Suite 750 4,274 RSF - 6/30/2023
Vacant Suite 600 7,575 RSF
Vacant Suite 300 4,549 RSF
Vacant Suite 650 9,585 RSF
Crown Data Systems Suite 325 3,322 RSF - 7/31/2027
Korber Supply Chain Suite 330 7,095 RSF - 2/28/2027
TMG Gases Suite 200 6,607 RSF - 11/31/2024 Vacant Suite 120 4,105 RSF - 11/30/2024
Vacant Suite 675 4,687 RSF
Vacant Suite 340 2,247 RSF
Capital Idenity Suite 375 2,509 RSF - 5/31/2026
Vacant Suite 240 10,436 RSF Vacant Suite 130 980 RSF
Conference Room Suite 140 1,274 RSF
Vacant Suite 725 3,951 RSF
Cafe 500 Suite 150 2,156 RSF
Lincoln Property Company Southeast | Atlanta
LEASING STRATEGY & RECOMMENDATIONS SECTION 03
THE POINTE BLDG 500 | SUITE 300 (4,549 RSF) Building 500 500 Northridge Rd, Atlanta, GA 30350 Building 500 500 Northridge Rd, Atlanta, GA 30350
Suite 300 . SUITE 4,549 RSF 300 . 4,549 RSF CURRENT PLAN
383 SF
Key Plan
13
9" 9'-
'-9 "
29'2 x 19'4
11
"
59 SF
11 9'-
13'-8"
'-5 "
9" 9'-
24'2 x 19'9
22'-0" 59 SF
24'2 x 19'8
19'-11"
15'-5"
10'-9"
28'-9"
9'-7"
True North
Michael Howell | mhowell@lpc.com | 404.926.1640
*This suite has not been field verified
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
500 The Pointe • Suite 300 • 4,549 RSF
AB300
Lincoln Property Company Southeast | Atlanta
Michael Howell | mhowell@lpc.com | 404.926.1640
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Available Suite
Caroline Fisher | cfisher@lpc.com | 404.924.2816
08.16.19 | 404.924.2816 Caroline Fisher | cfisher@lpc.com
OPTION A • Create a high-end move-in ready spec suite • Estimated cost $55/SF
THE POINTE BLDG 500 | SUITE 300 (4,549 RSF)
Building 500 500 Northridge Rd, Atlanta, GA 303 Building 500 500 Northridge Rd, Atlant
Building 500 500 Northridge Rd, Atlanta, GA 30350 Building 500 500 Northridge Rd, Atlanta, GA 30350
Suite 300 . SUITE 4,549 RSF 300 . 4,549 RSF
Suite 300 . SUITE 4,549 RSF 300 . 4,549 RSF CURRENT PLAN
RECOMMENDED DEMO
29'2 x 19'4
383 SF
383 SF
Key Plan
'-9 " 13
13
9''-5 " 11
'-5 " 11
59 SF
22'-0"
22'-0" 59 SF
59 SF
15'-5"
28'-9"
10'-9"
28'-9" 19'-11"
24'2 x 19'8
True North
True North
*This suite has not been field verified
*This suite has not been field verified
Michael Howell | mhowell@lpc.com | 404.926.1640
Lincoln Property Company Southeast | Atlanta
Michael Howell | mhowel
OPTION B Available Suite 500 The Pointe • Suite 300 • 4,549 RSF • Demo interior walls as shown, paint through and update ceiling tile throughout • Estimated cost $15/SF
Michael Howell | mhowell@lpc.com | 404.926.1640
15'-5"
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
500 The Pointe • Suite 300 • 4,549 RSF
AB300
19'-11"
10'-9"
9'-7"
9'-7" 24'2 x 19'8
"
13'-8"
11
24'2 x 19'9
9'-
"
59 SF
11 9'-
13'-8"
9"
9" 9'-
24'2 x 19'9
Key Plan
9"
9'-
9" 9'-
'-9 "
29'2 x 19'4
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Caroline Fisher | cfisher@lpc.com | 404.924.2816
08.16.19 404.924.2816 AB300 Caroline Fisher | cfisher@lpc.com Michael Howell | mhowell@lpc.com | 404.926.1640
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Hunter Henritze | hhenritze
Available Suite
Caroline Fisher | cfishe
08.16.19 | 404.9 Caroline Fisher | cfisher@lpc.com
THE POINTE BLDG 400 | SUITE 300 (2,066 RSF) Building 400 400 Northridge Rd, Atlanta, GA 30350 Building 400 400 Northridge Rd, Atlanta, GA 30350
Lincoln Property Company Southeast | Atlanta
CURRENT PLAN
Suite 300 . 2,066 RSFSUITE 300 . 2,066 RSF
OPTION A • Create a high-end move-in ready spec suite • Estimated cost $55/SF
Michael Howell | mhowell@lpc.com | 404.926.1640
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Michael Howell | mhowell@lpc.com | 404.926.1640
Michael Howell | mhowell@lpc.com | 404.926.1640
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Caroline Fisher | cfisher@lpc.com | 404.924.2816
Caroline Fisher | cfisher@lpc.com | 404.924.2816
Hunter Henritze | hhenritze@lpc.com | 404.924.28
THE POINTE BLDG 400 | SUITE 300 (2,066 RSF) Building 400 400 Northridge Rd, Atlanta, GA 30350 Building 400 400 Northridge Rd, Atlanta, GA 30350
Lincoln Property Company Southeast | Atlanta
CURRENT PLAN
RSF SUITE 300 . 2,066 RS Suite 300 . 2,066 RSFSUITE 300 . 2,066 RECOMMENDED DEMO Suite 300 . 2,066 RSF
OPTION B • Demo interior walls as shown, paint through and update ceiling tile throughout • Estimated cost $15/SF
Michael Howell | mhowell@lpc.com | 404.926.1640
Building 400 400 Northridge Rd Building 400 400 Northridge Rd, Atlanta, GA 30350
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Michael Howell | mhowell@lpc.com | 404.926.1640
Michael Howell | mhowell@lpc.com | 404.926.1640
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Caroline Fisher | cfisher@lpc.com | 404.924.2816
Caroline Fisher | cfisher@lpc.com | 404.924.2816 Michael Howell | mhowell@lpc.com | 404.926.1640
Michael How
Hunter Henritze | hhenritze@lpc.com | 404.924.281
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Hunter Henrit
Caroline F
Caroline Fisher | cfisher@lpc.com | 404.924
Building 400 400 Northridge Rd, Atlanta, GA 30350
SUITE 550 . 7,900 RSF
THE POINTE BLDG 400 | SUITE 550 (7,900 SF) CURRENT PLAN Key Plan
4'0 x 2'3
12'0 x 9'6
Building Conference Room
22'0 x 9'6
9'3 x 10'3
9'3 x 10'3
8'9 x 10'3
14'0 x 10'3
0"
'-1
38
9'3 x 10'3
24'9 x 12'6
34'-11" 14'9 x 14'0
"
'-9
19
30'-9"
44'-9"
16'-4"
22'9 x 41'3
14'9 x 17'9
True North
Lincoln Property Company Southeast | Atlanta
*This suite has not been field verified
400 The Pointe • Suite 550 • 7,900 RSF AB550
Michael Howell | mhowell@lpc.com | 404.926.1640 Hunter Henritze | hhenritze@lpc.com | 404.924.2819
RECOMMENDATION • Space shows well but LPC recommends new paint throughout *Note: Subject to change if downsize within Axioma occurs
Available Suite
Caroline Fisher | cfisher@lpc.com | 404.924.2816 03.09.2022
14'8 x 12'0
12'1 x 11'0
31'-8"
Building 400 400 Northridge Rd, Atlanta, GA 30350
9'8 x 12'0
19'8 x 400 13'5 Northridge Rd, Atl Building 400
14'8 x 12'0
3
13'0 x 12'0
10'6 x 13'9
14 12'0 x 14'6
45'-7"
163 SF
Suite 850 . 6,685 RSF
13'0 x 12'0
14'8 x 12'0
45'-7"
163 SF
Suite 850 . 6,685 RSF
9'8 x 12'0
14'8 x 12'0
Building 400 400 Northridge Rd, Atlanta, GA 30350
19'8 x 13'5
Building 400 400 Northridge Rd, Atlanta, GA 30350
THE POINTE BLDG 400 | SUITE 850 (6,685 SF)
Suite 850 . 6,685 RSF SUITE 850 . 6,685 RSF
Building 400 400 Northridge Rd, Atlanta, GA 30350
Building 400 400 Northridge Rd, Atlanta, GA 30350
Suite 850 . 6,685 RSF SUITE 850 . 6,685 RSF
CURRENT PLAN
RECOMMENDED DEMO Key Plan
**This suite has not been field surveyed by NELSON
**This suite has not been field surveyed by NELSON
14'8 x 12'0
10'6 x 13'9
14'8 x 12'0
14'8 x 12'0
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Michael Howell | mhowell@lpc.com | 404.926.1640
RECOMMENDATION • Demo as-shown 400 The Pointe • Suite 850 • 6,685 RSF • New ceiling tiles throughout • New paint throughout True North • Estimated Cost $15/SF
14'-1"
9'8 x 12'0
AB850
163 SF
Key Plan
31'-8"
13'0 x 12'0
Michael Howell | mhowell@lpc.com | 404.926.1640 Caroline Fisher | cfisher@lpc.com | 404.924.2816 Hunter Henritze | hhenritze@lpc.com | 404.924.2819
16'11 x 9'7
9'8 x 12'0
14'8 x 12'0
10'6 x 13'9
10'9 x 11'0
14'8 x 12'0
366 SF
9'8 x 12'0
10
12'1 x 11'0
14'8 x 12'0
19'8 x 13'5
9'8 x 12'0
14'8 x 12'0
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Michael Howell | mhowell@lpc.com | 404.926.1640
Caroline Fisher | cfisher@lpc.com | 404.924.2816
Michael Howell | mhowell@lpc.com | 404.926.1640 Caroline Fisher | cfisher@lpc.com | 404.924.2816 Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Caroline Fisher | cfisher@lpc.com | 404.924.2816
True North
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
**This suite has not been field surveyed by NELSON
Key Plan
Available Suite
400 The Pointe • Suite 850 • 6,685 RSF
10.29.21
Caroline Fisher | cfisher@lpc.com | 404.924.2816 AB850
Michael Howell | mhowell@lpc.com | 404.926.1640
**This suite has not been field surveyed by NELSON
Hunter Henritze | hhenritze@lpc.com | 404.924.2819
Available Suite 10.29.21
Caroline Fisher | c
True North
400 The Pointe • Suite 850 • 6,685 RSF
Available Suite
Key Plan
**This suite has not been field surveyed by NELSON
400 The Pointe • Suite 850 • 6,685 RSF
50
10.29.21
Lincoln Property Company Southeast | Atlanta
10.29.21
10'6 x 12'1 10'6x 11'0 10'6 x 13'9
20'-9" 13'0 x 12'0
366 SF
16'11 x 9'7
45'-7" 19'8 x 13'5
**This suite has not been field surveyed by NELSON
Michael Howell | mhowell@lpc.com | 404.926.1640
400 The Available SuitePointe • Suit
10'6 x 10'6 5'-0"
9'8 x 12'0
True North
Key Plan
24'-10"
"
19'8 x 13'5
14'8 x 12'0
20'-9"
13'11 x 10'6
5'-0"
31'-8"
31'-8"
13'0 x 12'0
45'-7"
163 SF
12'0 x 14'6 9'8 x 12'0
AB850
'-6
12'0 x 14'6
10'9 x 11'0
45'-7"
163 SF
35'-6"
9'8 x 12'0
12'1 x 11'0
13'11 x 10'6
'-6 " 19
10'-6"
9'8 x 12'0
AB850
10.29.21
14'-1"
13'0 x 12'0
16'11 x 9'7
366 SF
10'9 x 11'0
19
14'-1"
20'-9" 14'-1"
19 '-6 " 12'0 x 14'6
24'-10"
31'-8"
45'-7"
163 SF
10'6 x 12'1 10'6x 11'0 10'6 x 13'9
35'-6"
"
" 12'0 x 14'6
10'-6"
AB850 20'-9"
13'11 x 10'6
'-5
'-5
14
35'-6"
366 SF
16'11 x 9'7
10'6 x 10'6 5'-0"
14
24'-10"
19 '-6 "
13'11 x 10'6
Available Suite
" '-5 14
" '-5 14
35'-6"
400 The Pointe • Suite 850 • 6,685 RSF
5'-0"
**This suit
400 The Pointe • Suite 850 • 6,68
10'-6"
400 The Pointe • Suite 850 • 6,685 RSF AB850
**This suite has not been field surveyed by NELSON
Key Plan
10'-6"
Key Plan
24'-10"
Key Plan
True N
True North
True North
True North
AB850
Ava
MARKETING RECOMMENDATIONS DIGITALLY RENDERED SPACE TOUR
LINKED IN TARGETED CAMPAIGN
BIG BLOCK EMAIL MARKETING
$10,000
N/A
N/A
The Pointe DOWNLOAD BROCHURE
FULL FLOOR VIRTUAL TOUR
Building 400 400 Northridge Rd, Atlanta, GA 30350 | Building 500 500 Northridge Rd, Atlanta, GA 30350
Lincoln Property Company Southeast | Atlanta
BIG BLOCK AVAILABLE . BUILDING 400 55,000 SF
View Rendered Tour
BIG BLOCK MARKETING
MATTERPORT TOUR LIBRARY
DIRECT MAIL CAMPAIGN
SPEC SUITE EMAIL MARKETING
$0.07/SF UNFURNISHED; $0.10/SF FURNISHED
$15,000
N/A
“DISCOVER A NEW KIND OF OFFICE SPACE The new spec suite collection at The Pointe”
DOWNLOAD BROCHURE
TOUR 3,500 SF SPEC SUITE
Building 400 400 Northridge Rd, Atlanta, GA 30350 | Building 500 500 Northridge Rd, Atlanta, GA 30350
MOVE-IN READY SPEC SUITES AVAILABLE FROM 2,500 SF - 5,500 SF
Lincoln Property Company Southeast | Atlanta
Atlanta 3D Tours
“HAVE YOU HEARD? Best-in-class spec suites now leasing at The Pointe”
View Spec Suite Tour
SPEC SUITE MARKETING
AMENITY MATTERPORT TOURS
DIGITAL MARKETING CAMPAIGN
BROKER EVENTS/ENTERTAINING
$0.10/SF
$500/MONTH
$10 - $15K/EVENT
Lincoln Property Company Southeast | Atlanta
View Amenity/ Full Building Tour
VACANT SPACE PREP
PROPERTY DRONE VIDEO
$3,250 - $3,500
$2,000 PLUS A/SF COST FOR ANY ADDITIONAL REQUESTS
View Property Video
OVERALL BUILDING MARKETING
404.266.7600 3405 Piedmont Rd NE, Suite 450 Atlanta, GA 30067
http://www.lpcsoutheast.com/atlanta
Lincoln Property Company Atlanta
@LPCATL @LPCAtlanta