New deals creating jobs and bringing new companies to the area
An office portfolio consisting of three office buildings in Peachtree Corners, Ga., is experiencing growth, according to CBRE First Vice President Heather Lamb. Located in the Technology Park area of Peachtree Corners, the buildings include 6625 The Corners, 5707 Peachtree, and 3585 Engineering Drive. Lamb and Peter McGuone, also of CBRE, lead the leasing and marketing efforts for these buildings.
According to CBRE, “This new surge of activity,” is led by the signing of CarMax at 5707 Peachtree Parkway for more than 38,000 sq. ft. adding even more energy to the already hot Technology Park. The space will utilize more than a third of the building for a customer experience center which will bring more than 300 jobs to Peachtree Corners.
Market Force Information has decided to expand its global headquarters in the area. The marketing research company settled into almost 23,000 sq. ft. at 6625 The Corners, expanding its presence in Peachtree Corners by more than 40 percent.
LS Cable & System U.S.A. opened a new 7,000-sq.-ft. space also at 6625 The Corners, marking its latest expansion into this growth market.
These three recent announcements account for
more than 67,000 sq. ft. of office leasing activity and commitments for
hundreds of new jobs in Technology Park in Peachtree Corners in 2019.
Landlords and tenants continue to flock to
Peachtree Corners for its attractive neighborhood community feel, high quality retail,
access to talent, ease of commutes and availability of green space and walking
or biking trails.
“Compared to neighboring markets like Central
Perimeter or North Fulton, Peachtree Corners has seen relatively moderate Class-A
rental rate increases over the last few years,” Lamb said. “This affordability,
along with the pro-growth business envirnoment, new retail in the area and presence
of affordable housing options make Peachtree Corners an excellent value. Activity
is up in Peachtree Corners and we expect the momentum to continue.”
