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/.