3100 Breckinridge in Duluth Features Over 250,000 SF of Rentable Space
Avison Young announced today that it has been retained as the exclusive advisor in the sale of a Class A office park in a highly coveted location outside of Atlanta.
The office complex at 3100 Breckinridge Blvd. in Duluth is comprised of six single-story buildings and a 75,000-square-foot three-story executive building. The property totals 253,307 rentable square feet on nearly 30 acres.
Overseeing the property’s sale are Matt Tritschler and Steve Morgan, Principals at Avison Young; and Stephanie Marino, Senior Vice President of Avison Young.
“This is an excellent opportunity to invest in a Class A office park at below replacement cost in a prime location,” Tritschler said. “The property is attractive for a whole host of reasons – including an outstanding amenity base, strong market demographics and a prime location at a major Interstate 85 interchange.
“It represents an exceptional value-add opportunity to lease the vacant space in a rising rental-rate environment,” Tritschler added.
The office park is 70 percent leased, with IBM occupying 50,000 square feet as the largest tenant. The property was developed from 1986 to 1990 and has been extremely well maintained by institutional ownership. The campus features attractive landscaping that includes a small park area for tenants, as well as customized monument signage throughout the property that provides a unified, sophisticated business park image. The campus provides a generous parking ratio of 4.1 spaces per 1,000 square feet.
The property is strategically located 20 miles northeast of downtown Atlanta, 10 miles northeast of I-285, and just east of the interchange at I-85 and Pleasant Hill Road. The office park is situated within the new Gwinnett Place Opportunity Zone – where job tax credits are available to employers -- and is close to outstanding neighborhoods, schools and amenities, including Sugarloaf Mills and Gwinnett Place Mall.
“With its ideal location, we expect a great deal of interest for this property,” Morgan said. “Atlanta and Gwinnett County are experiencing strong job growth and rising office occupancy rates, so there are a lot of investors looking for an opportunity like this.”
About Avison Young
Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 79 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
