RECENT BUCKHEAD REPOSITIONINGS LINCOLN PROPERTY COMPANY | 2022
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7 approx. 0.7 miles
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Tour Route 1. Salesforce Tower 2. Resurgens Plaza
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3. Prominence 4. Monarch Tower 5. 3350 Peachtree 6. Tower Place 100 7. One and Two Buckhead Plaza
1. Salesforce Tower
Current Occupancy
82.5%
Quoted Rent
$40.00 $41.50
Trailing 12 Month Net Absorption
(29,814)
Recent Renovations
Lobby renovation in 2018.
Estimated Cost of Improvements
$6.4M * (Ownership is currently planning another $1.2M improving the outdoor space)
2. Resurgens Plaza
Current Occupancy
79.9%
Quoted Rent
$37.20 $38.00
Trailing 12 Month Net Absorption
(37,543)
Recent Renovations
Renovation of lobby, conference facility, fitness center and rooftop deck.
Estimated Cost of Improvements
$8M
3. Prominence
Current Occupancy
66.5%
Quoted Rent
$42.00
Trailing 12 Month Net Absorption
(35,369)
Recent Renovations
Lobby and common area renovations in 2019 including a training/ conference facility and coffee bar.
Estimated Cost of Improvements
$7M
4. Monarch Tower
Current Occupancy
88.3%
Quoted Rent
$41.00
Trailing 12 Month Net Absorption
(16,806)
Recent Renovations
Light lobby refresh and creation of Tenant Lounge
Estimated Cost of Improvements
$2M
5. 3350 Peachtree
Current Occupancy
Quoted Rent
53.9%
$40.00 $41.00
Trailing 12 Month (180,002) Net Absorption
Recent Renovations
Lobby renovation, new fitness center and bistro.
Estimated Cost of Improvements
$12M *(additional parking deck with green space on top under construction now - cost TBD)
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Tower Place 100
Current Occupancy
85.9%
Quoted Rent
$38.00
Trailing 12 Month Net Absorption
(20,724)
Recent Renovations
TOWER WALK | RENDERING UPDATE | 21.0000120 | 10.4.21
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Over $6m renovation of the lobby and common area corridor completed in 2018. Additionally, Ownership is underway with a $5m renovation to the outdoor courtyard that will include the creation of a 9,000 SF fitness center and 4,500 SF conference center. TOWER WALK | RENDERING UPDATE | 21.0000120 | 10.4.21
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Total Improvements
$11M TOWER WALK | RENDERING UPDATE | 21.0000120 | 10.4.21
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One and Two Buckhead Plaza Current Occupancy
Quoted Rent
Trailing 12 Month Net Absorption
84.5%
$46.00 $48.00
64,875
Recent Renovations
Refresh of lobby and common areas as well as outdoor plaza renovation completed in 2021.
Estimated Cost of Improvements
$13M
404.266.7600 http://www.lpcsoutheast.com/atlanta
3405 Piedmont Rd NE, Suite 450 Atlanta, GA 30067
@LPCAtlanta
Lincoln Property Company Atlanta