Business
Local Developer Purchases High End Office Space in Peachtree Corners
Holder Properties cashes in on the city’s trending cachet and significant growth seen within the last decade.
With Peachtree Corners catching the eye of developers throughout the region, it’s no surprise that an experienced and noted company jumped at the chance to acquire commercial real estate in the city. Holder Properties, a full-service commercial and residential real estate development and investment company, recently closed on Davinci Court two adjacent class ‘A’ office buildings located off of Peachtree Parkway (GA-141).
In the last decade or so, Peachtree Corners has become one of the most desirable areas in metro Atlanta for development.
“Peachtree Corners has always been a market that we’ve had our eye on for numerous reasons,” said Billy Cooke, director of leasing for Holder Properties. “I think there has always been a history of success there.”
For an undisclosed price, the company obtained property with ample parking and competitive pricing that is in walking distance of restaurants, shopping and workout spaces.
“You can literally walk outside of our door, get on the new walking trail, get to The Forum or get to the new retail across the street,” said Cooke. “So you have that walkability component that is going to be so important as an amenity in this post-COVID office world that we’re living in.”
With the property being more than 20 years old, Holder Properties has plans to do some renovation which includes enhancing and modernizing the landscaping, adding outdoor activity areas and revitalization of lobbies and restrooms. Although those decisions are still being finalized, Cooke said the buildings will remain office space. The company is leaving the mixed-use development to others but is excited about benefitting from those changes.
‘Feed off what’s already there’
“I think our plan is to really feed off what’s already there and what’s planned,” he said. “We certainly want to be a key cog in that wheel with our office environment. We’ll have a renovated building that offers this amenity set to tenants and tenants’ employees that everyone wants now in this new office world, and then that plays to the kind of the livability that’s already in Peachtree Corners and what’s coming to Peachtree Corners.”
Cooke said Peachtree Corners has the potential to rival communities further north like Alpharetta because of the location and the space for development.
“For one, the location for the northern submarket is easier,” he said. “Peachtree Corners is easily accessible from areas further north and it’s not a bad drive from Hartsfield Jackson. … If you’ve got clients flying in for the day, it’s a little bit closer than having to drive up to Alpharetta, so it’s a little bit more accessible from the airport.”
Cooke went on to add, “But then you get all the other advantages of being a northern suburb or on the fringe the northern suburbs because you can kind of cater to all those neighborhoods up there and it’s an easier market to access from the neighborhoods and from the people that live in those areas.”
At the end of the day, Peachtree Corners checked all the boxes of what developers these days are looking for, said Cooke. And if more property becomes available, it will certainly be on Holder’s radar.
“I think the biggest thing, again, for us is we really want to create an office environment that is centered around a hospitality feel,” he said. “We know that in today’s office world, it’s more than just showing up to an office, working from nine to five, leaving and going home. That day of the office has passed us. “
Cooke added, “Now you have a guy that wants to get in his car drive to the office, have an experience to where yes, he does his work, but then he’s able to go outside, have a walk with his coworkers, be able to have connectivity to the community around him — really have all these experiences like you would envision in a hotel, but now it’s going to be in an office environment.”
ABOUT DAVINCI COURT
Located at 3720 and 3740 Davinci Court, the property consists of two adjacent office buildings and is within walking distance of several hotels, restaurants and over 500,000 square feet of high-end retail at Peachtree Corners Town Center and The Forum on Peachtree Parkway. Davinci Court is 30 minutes from Midtown Atlanta, 40 minutes from Hartsfield-Jackson Atlanta International Airport and 20 minutes from Buckhead.
To learn more about Davinci Court, go to: davincicourtatl.com/.
The Peachtree Corners Business Association (PCBA) awarded a check for $500 to the United Way of Greater Atlanta (Gwinnett County) at their Business After Hours networking event in November.
The local organization was chosen by PCBA’s Outreach Committee because of their commitment to providing assistance and bettering the lives of children within the community.
United Way of Greater Atlanta
The mission of United Way of Greater Atlanta is to engage and bring together people and resources to drive sustainable and equitable improvements in the well-being of children, families and individuals in local communities.
“Greater Atlanta is one of the most vibrant regions in the country, but the region has significant barriers to realizing its potential in the future because of its continued ranking at the bottom of the list of metro areas in income mobility,” stated Vanessa Roussell, United Way senior director of corporate relations.
“Children born in low-income households have only a 4% chance of getting out of poverty in their lifetime,” she continued. “We at United Way of Greater Atlanta don’t like those odds. Our work is about changing them so that children — regardless of where they’re born — have the chance to realize their potential and build lives that sustain themselves, their families and their communities.
Assessing needs within the county
The organization’s goal is to help every child unlock their full potential, by improving education, healthcare, resources and economic mobility in the communities where they live. Their “every child program” includes every child in Gwinnett.
Based on the 2023 census track for Gwinnett County, 94,308 people living in Gwinnett County are at risk, particularly in and around Sugar Hill/Buford, Duluth, Norcross, Lawrenceville, Lilburn and Snellville. The highest-need residents are located in the I-85 corridor, mainly around Duluth, Norcross and Lilburn.
Giving back to support the community
“The PCBA is proud to donate a check for $500 to United Way of Greater Atlanta (Gwinnett County),” said PCBA President, Lisa Proctor. “Our outreach committee and board are committed to supporting our community, and investing in the well-being of the children in our community aligns with our core principles. We know that our dollars will be targeted to help those at highest risk … We are glad to have the local Gwinnett chapter located right in our community.”
Funds for the PCBA Community Outreach Program are raised throughout the year from PCBA membership, sponsorship and an annual charity event. Donations and scholarships are awarded at their monthly events so that members have the opportunity to learn more about the community organizations and their programs.
Over the past 12 years, the PCBA has awarded 19 scholarships to outstanding graduating high school seniors and donated in excess of $165,500 back into the community.
About Peachtree Corners Business Association
“Where businesses come to grow,” the Peachtree Corners Business Association (PCBA) is a business membership organization that focuses on innovative approaches, programs, shared resources, community outreach and opportunities for member businesses and professionals to connect, develop, grow and prosper.
The PCBA is made up of businesses of all sizes and types who want to expand their reach and grow their business within Peachtree Corners and the greater metro Atlanta area.
For more information visit peachtreecornersba.com.
The strategic acquisition strengthens TransPak’s Southeast presence and expands their capabilities in custom packaging for military, aerospace and high-value equipment.
TransPak, a global leader in logistics, packaging and crating services, recently announced the acquisition of Reid Packaging, a long-standing provider of custom packaging solutions based in Peachtree Corners. Both family-owned and operated companies share a deep-rooted commitment to quality craftsmanship, reliability and customer service, making the acquisition a natural fit.
Reid Packaging, founded in 1982, has distinguished itself as the go-to customer industrial packager in the metro Atlanta region, providing corrugated, foam and custom-engineered crating solutions, particularly in the military and aerospace industries.
Under the ownership of Ward Phillips since 2008, the company has grown to become one of the largest packaging facilities in the region, with a 60,000-square-foot site.
The acquisition will allow TransPak to expand its local manufacturing capabilities in the Southeast, while leveraging Reid Packaging’s expertise in specialized and heavy-duty custom crates.
Strategic Atlanta location and enhanced capabilities
The acquisition is part of TransPak’s strategic expansion into the Atlanta market, a critical logistics hub for both the renewable energy and semiconductor industries.
“We’re thrilled to welcome Reid Packaging into the TransPak family,” said Tomas Molet, executive vice president of East and Midwest Operations, TransPak. “With Reid Packaging’s prime location in Peachtree Corners, we are now able to serve customers throughout the Southeast, including direct routes to the Carolinas and beyond. This acquisition strengthens our ability to meet the needs of existing clients, especially those in the semiconductor and renewable energy sectors.”
In addition to the strategic location, the acquisition brings new manufacturing capabilities to TransPak’s East Coast operations. Reid Packaging’s facility is now the largest of TransPak’s locations in the region. Its offerings include enhanced services, such as heavy-duty and triple-wall corrugated packaging, which will enable TransPak to meet the growing demand for custom-designed packaging solutions for fragile, high-value equipment.
Commitment to employees and leadership appointments
A key focus of the acquisition was ensuring a smooth transition for Reid Packaging’s employees.
“We made a commitment to Ward Phillips to take care of the staff, and we’ve delivered on that promise,” said Molet. “All employees were retained, and we’ve introduced benefits they previously didn’t have as part of our commitment to making this a positive transition for everyone involved.”
Amanda Gautney, a longtime member of TransPak’s leadership team, has been appointed as the operations manager for the Peachtree Corners facility. “I’m excited to work with the team at Reid and continue the legacy of this respected company,” said Gautney.
Looking forward in Atlanta
TransPak plans to continue operating under the Reid Packaging name for the immediate future. However, the facility will gradually transition to full integration under the TransPak brand, reflecting the shared values and commitment to quality of both companies.
About TransPak
Headquartered in Silicon Valley, TransPak has been providing innovative and cost-effective design, crating, packaging and global logistics for over 70 years.
As a customer-focused, women- and family-owned company, TransPak combines the agility of a small business with the reliability of a global powerhouse. TransPak lives by the slogan, “We make it happen,” ensuring that high-value, fragile, and oversized goods reach their destinations safely and efficiently.
For more information about TransPak, visit transpak.com.
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