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Local Developer Purchases High End Office Space in Peachtree Corners

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Arial view of Davinci Court

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.

3740 Davinci Court

‘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.”

3720 Davinci Court

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/.

Arlinda Smith Broady is part of the Boomerang Generation of Blacks that moved back to the South after their ancestors moved North. With approximately three decades of journalism experience (she doesn't look it), she's worked in tiny, minority-based newsrooms to major metropolitans. At every endeavor she brings professionalism, passion, pluck, and the desire to spread the news to the people.

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SWGC First Friday Breakfast Meeting with Billy Boughey [Photos]

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Photography courtesy of Bruce Johnson
He noted: Wow, you couldn’t ask for a more motivational speaker to kick-start the year!

Billy Boughey is the Founder and President of the Atlanta-based company Elevate Experiences. His talents include keynote speaking, culture coaching, and consulting groups on company culture.

His first book, released in January 2020, titled Culture Reconstructed, is a start-where-you-are guide to building a remarkable team. Billy also hosts his own podcast titled Created for Experience, sharing how experience shapes your future. He’s a certified consultant through Kolbe Corp and enjoys using this assessment to coach people on how to work more effectively in the workplace.

Billy has been featured on FOX 31 Denver, FOX Houston, and in Forbes and worked as a keynote speaker and large-scale emcee includes notable organizations such as Chick-Fil-A, Mcdonald’s, Coca-Cola, Kroger, and more. His vision is to build a world with no unequipped leaders and he infuses that passion into every speaking event. His high-energy message will inspire ways to motivate and equip your organization to make your team members smile and customers rave.

Source Southwest Gwinnett Chamber

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NAC International Signs New Lease at 2 Sun Office Building

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A world-leading provider of nuclear fuel cycle technology and consulting solutions,NAC International, has signed a lease at 2 Sun in Peachtree Corners. The company is leasing 23,000 square feet lease in the Class-A office building.

The 98,040-square-foot property in Technology Park recently underwent significant renovations to add amenities. 2 Sun now offers an outdoor tenant patio, campus-wide Wi-Fi and food delivery service for tenants.

Lincoln Property Company Southeast, one of the U.S.’s largest diversified commercial real estate companies, and Redline Property Partners made the lease announcement. Lincoln’s Senior Vice President Michael Howell, Vice President Matt Fergus and Senior Leasing Associate Seabie Hickson represented the landlord, Redline Property Partners. Cory Hall and Bo Keatley of Savills represented the tenant.

“Peachtree Corners is one of the premier business atmospheres in metro Atlanta, and 2 Sun offers a range of first-rate amenities both on and near the property,” said Lincoln’s Fergus. “The recent capital improvements allow 2 Sun to capture growing demand in the submarket.”

Northeast Atlanta continues to outperform other submarkets over the past couple of years, boasting the lowest vacancy rate among major metro Atlanta areas at just 15.9% across all property classes.

The office submarket also saw positive absorption of 5,117 square feet in Q3 of this year, marking the fifth quarter in the past six with positive absorption, according to a report from Lincoln.

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Peachtree Corners’ Karl Barham Among Brokers Achieving 2022 GABB Million Dollar Club

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Twelve members of the Georgia Association of Business Brokers (GABB) were named to the 2022 Million Dollar Club for helping broker the sale of more than $96 million worth of small, medium and large businesses.

Karl Barham, co-owner and President of Transworld Business Advisors of Atlanta Peachtree, is among the top five brokers with multi-million dollars in business sales for the year.

Barnham, a Peachtree Corners resident, is a licensed Georgia Real Estate agent and member of the GABB with 25+ years of expert knowledge in business that he uses to help business owners with valuations, business exit planning, M&A and Business Sales transactions.

Karl Barham and Solomon Padilla

When he is not helping clients, Barnham can be found volunteering and supporting a number of great organizations in the Metro Atlanta area including Atlanta Black Chambers of Commerce, StartMe:Atlanta and Junior Achievement. He serves on several nonprofit boards including Southwest Gwinnett Chamber of Commerce, Cornerstone Christian Academy and Global Growers Network.

Among the other business brokers with multi-million dollars in business sales for the year is Barnham’s teammate, Solomon Padilla, Business Advisor at Transworld Business Advisors of Atlanta Peachtree.

As a Business Broker and Real Estate Professional Padilla has a passion for helping small business owners accomplish a successful exit of their business. He previously worked as a Trade Activation Manager for Anheuser-Busch InBev, and a Manager for the Largest Italian Wine Importer in the United States.

Solomon is a Veteran of the Navy who served a tour of duty in 2012-2013 in Afghanistan for Operation Enduring Freedom as well as tours representing the U.S. Navy for NATO in Europe.

The GABB Million Dollar Club recognizes professional Business Brokers for successfully closing business acquisition transactions totaling one million dollars or more.

The top producer for 2022 was Rob Margeton, a Principal and Qualifying Broker at Ryco Advisors. Margeton was also honored as a Life Member of the Million Dollar Club for achieving more than a million dollars in sales for three consecutive years or any five years.

In addition to Margeton and Barnham, the other business brokers among the top five for the year are Matt Wochele, founder of Preferred Business Brokers, Inc.; J. Snypp, Vice President at Preferred Business Brokers, Inc; and Steve Josovitz, President Vice-President and Associate Broker at The Shumacher Group.

Business brokers with multi-million dollars in business sales for the year include Padilla; Pedro Ferreira, Business Advisor at Transworld Business Advisors of Atlanta North; Lisa Young, Senior Business Advisor at Transworld Business Advisors of Atlanta North; Jeffery Merry, founder of the BUSINESS HOUSE, inc.; and Deanna Dickinson, REALTOR® and owner of Team DMD Consulting.

Other million-dollar honorees were Brooke Hawkins, Business Broker at RamBiz Group and Mannie Maddox, REALTOR® at Coldwell Banker Commercial Metro Brokers.

To find a professional business broker, visit gabb.org/gabb-business-brokers.

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