Business

Local Developer Purchases High End Office Space in Peachtree Corners

Published

2 years ago

April 11, 2022

Arlinda Smith Broady

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/.

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Arlinda Smith Broady

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.

Business

VyStar Credit Union Continues Growth in Georgia with the Opening of a Peachtree Corners Branch

Published

1 week ago

May 9, 2024

Peachtree Corners Magazine staff

A grand opening and ribbon cutting ceremony is scheduled for May 29, 2024

VyStar Credit Union has to announced that its Peachtree Corners location is now open at 5125 Peachtree Parkway in Peachtree Corners. This is VyStar’s fifth full-service branch in Metro Atlanta and joins branches in Stockbridge, Suwanee, Smyrna and Marietta.

In support of its purpose to “Do Good,” VyStar partners with non-profit organizations across the communities it serves. VyStar will make a $5,000 donation to the Rainbow Village to celebrate the grand opening of the Peachtree Corners branch at the ribbon cutting event in late May.

“VyStar’s first branch in Gwinnett will provide residents and business owners with better banking options, including free checking, access to early direct deposit, great rates, financial wellness education through VyStar’s Financial Fitness initiative, and unbelievable member-centric service that only a credit union can provide,” said VyStar EVP/Chief Operations Officer Chad Meadows.

The Peachtree Corners branch features VyStar’s digital-forward design, which enhances how employees connect with members. This includes interactive touchscreen kiosks that provide financial tools and allow members to quickly explore the latest products, services and rates.

Lobby and drive-thru hours for the Peachtree Corners branch are Monday through Thursday, 9 a.m. to 5 p.m. and Friday, 9 a.m. to 6 p.m.

VyStar continues to work with local organizations to build up the communities it serves. In Metro Atlanta, that includes supporting the Atlanta Community Food Bank, Junior Achievement of Georgia, Frontline Housing Inc., H.E.R.O. For Children and many others.

“Each time VyStar opens a new branch, it is another opportunity for us to support our purpose to Do Good. With eight full-service branches now in Georgia and our first Contact Center in Metro Atlanta, VyStar is able to provide residents and area businesses with exceptional financial products along with personalized service,” said VyStar SVP/Georgia Market President Janean Armstrong.

VyStar has seven additional locations in Georgia: Marietta, Smyrna, Suwanee, Stockbridge, Brunswick, Savannah and Thomasville, with plans to open branches in Pooler, Kingsland and Peachtree City over the next year.

The credit union is also expanding its services in Florida with a third branch in Tallahassee scheduled to open in May followed by a branch opening in the Lake Nona area in August.

To celebrate the grand opening, the community is invited to a ribbon cutting ceremony on May 29, 2024, at 10:30 a.m. Learn more about the Peachtree Corners branch.

Business

Kendra Scott Opens New Store At The Forum

Published

3 weeks ago

April 26, 2024

Peachtree Corners Magazine staff

Kendra Scott

Kendra Scott is celebrating the opening of its newest store in Peachtree Corners the weekend of May 10 at The Forum.

Upon opening, the 2,263 square foot store will display Kendra Scott’s current collections. The store will also showcase the brand’s unique Color Bar, offering shoppers an interactive experience to create customized jewelry in minutes and leave with it in hand.

Worn by celebrities including Hailey Bieber, Camila Cabello, Mindy Kaling, Zendaya and Kelly Clarkson, Kendra Scott’s collections are known for their custom-created stone shapes, genuine materials and design details.

This will be Kendra Scott’s first store in Gwinnett County, which joins five other retail locations in Georgia.

The brand will continue to show its support for the community through partnerships with non-profits and local businesses. For the grand opening weekend, Kendra Scott Peachtree Corners will host various non-profits for Kendra Gives Back events, donating a percentage of proceeds directly back to the causes.

Kendra Scott hosts more than 10,000 Kendra Gives Back events in retail stores annually and looks forward to establishing relationships and connecting with the Gwinnett County community.

“We’re excited to continue introducing the community to new brands, bites and events at The Forum as part of our vision to create downtown Peachtree Corners. Kendra Scott will be a welcome addition, providing our guests a top-notch experience to shop its unique offerings in person,” said Charlotte Hinton, The Forum marketing manager.

Doors will open on Friday, May 10, at 10 a.m. with celebrations throughout the weekend, including giveback events, gifts with purchase and giveaways. RSVP for more details here.

Upcoming events:

Friday, May 10 from 10-12 p.m. – Kendra Scott Peachtree Corners is partnering with The Forum for a VIP event. Supporters who spend $100 will receive a special jewelry gift with purchase.* Guests will also enjoy refreshments from Giulia, The Italian Bakery.
Friday, May 10 from 5-7 p.m. – Kendra Scott Peachtree Corners is partnering with the Norcross High School Cheer Team and donating 20% of proceeds. Supporters who spend $100 will receive a special gift with purchase* Guests can also receive a custom embroidered bow from Quiet Hours Embroidery with purchase.
Saturday, May 11 from 4-6 p.m. – Kendra Scott Peachtree Corners is partnering with Spectrum Autism Support Group and donating 20% of proceeds. Supporters who spend $100 will receive a special gift with purchase.* Guests will also enjoy complimentary cotton candy from Wonder Soirée with every purchase.
Sunday, May 12 from 12-2 p.m. – Kendra Scott Peachtree Corners is celebrating the Community of Motherhood. Supporters who spend $100 will receive a special gift with purchase.* Guests will also receive a complimentary Mother’s Day bouquet of flowers from Nancy’s Flower Truck.

*One per person while supplies last.

Kendra Scott Peachtree Corners is located at 5155 Peachtree Parkway, Suite 710 in Peachtree Corners at The Forum. For companywide updates and product details, follow @kendrascott on Facebook, Twitter, and Instagram.

Business

BRACK: Peachtree Corners to lose Peterbrooke Chocolatier

Published

4 weeks ago

April 19, 2024

Courtesy of Elliott Brack's Gwinnett Forum

Scottt Gottuso and Geoffrey Wilson. Photo provided.

Peachtree Corners will soon lose one of its most iconic, popular and tasty businesses.

Peterbrooke Chocolatier, run by Geoffrey Wilson and Scott Gottuso, has been told by Peachtree Forum landlords, North American Properties and Nuveen Real Estate, that its lease will not be renewed. The last day of business will be July 25.

Meanwhile, Peachtree Forum is getting several new stores. They include Kendra Scott, Sucre, and The NOW Massage. Previously announced were Alloy Personal Training, Cookie Fix, Gallery Anderson Smith, Giulia, Lovesac, Nando’s Peri-Peri and Stretchlab. Wilson adds: “We are not in their big picture.”

Wilson has operated Peterbrooke at the Peachtree Forum for 14 years and Gottuso has been there nine years. They have made the chocolatier profitable and doubled sales. Wilson says: “We turned it around through community involvement and made relationships. We worked with the schools, gave donations, did a lot in the community, and made a difference. We produce most everything we sell in the shop, so it’s labor intensive. We make European-style chocolate treats from scratch from the very best ingredients, package it, make gift baskets, and also sell a lot of gelato.”

Key items include truffles, hand-made caramels, cherry cordials, chocolate-covered cookies and pretzels and strawberries hand-dipped in their own blend of chocolates. (They are all good!) One of Wilson’s and Gottuso’s most iconic products is chocolate popcorn. Once you try it, regular popcorn is tasteless. “We sell a lot of it.” Wilson adds: “Gelato sales have carried us in the summertime, since there are not many chocolate holidays in the summer.”

Peterbrooke now has five employees, and would like to have 10, but it is difficult to hire people with the skills in chocolatiering. A key part of its business is corporate companies, such as Delta Air Lines and Capital Insight. The Peachtree Corners’ Peterbrooke has corporate customers as far away as Cleveland, Ohio.

The operators were surprised when the Forum owners did not renew its five year lease. “The big decisions were made in Charlotte or Cincinnati, not locally,” Wilson feels. “We were no longer in their big picture. They want new and glitzy, shiny, fancy and trendy.”

The operators plan to start their own chocolate company, to be called “Scoffrey,” and initially sell online, plus have pop-up locations during holidays, and possibly have a booth in other merchants’ stores on occasions.

“Whatever we do would look different. We might rent a space somewhere close by so that people can still have the good chocolate experience with us, but we won’t have a regular audience walking by.”

Another element: the price of chocolate futures has spiked this year, with a bad crop production year. Wilson says: “That is key to our business and a huge cost increase. That doesn’t help.”

Wilson adds that the forced closing of the Peterbrooke location “is something like the death of a friend. But you go to the funeral and to the wake, and in six months or a year, It won’t be so bad.”

Have a comment? Send to: elliott@elliottbrack

Written by Elliott Brack

This material is presented with permission from Elliott Brack’s GwinnettForum, an online site published Tuesdays and Fridays. To become better informed about Gwinnett, subscribe (at no cost) at GwinnettForum