ICM Realty Group, the international real estate investment and management firm, announced today that it has purchased Jefferson Plaza. The 118,000 SF multi-tenant, office building is located on the corner of Holcomb Bridge Road and Peachtree Industrial Boulevard in Norcross, Georgia.
As part of the purchase, ICM has committed to completing capital improvements, including material exterior and interior renovations. Additionally, ICM intends to immediately commence an aggressive leasing campaign focused on adding new tenants to the building’s already impressive tenant roster.
“We are excited to be invest in a market that continues to demonstrate an impressive resurgence in leasing activity and one that we think is poised for strong growth,” said Bruce Timm, ICM’s CEO. “This investment signals our ongoing commitment to Atlanta and the Southeast. It further builds on ICM Realty Group’s reputation as a world-class real estate investment manager.”
Jefferson Plaza is strategically located in the Norcross/Peachtree Corners corridor among numerous amenities. With frontage and access on Holcomb Bridge Road, the building maintains superior accessibility and visibility within the market. With a full floor of availability and abundant parking to accommodate new tenants, the seven-story building is poised to capitalize on the improving leasing market.
“We are very pleased to invest in our second acquisition in this market and are fortunate to have purchased a building with such a high-quality group of tenants and individuals," said ICM Managing Director Spencer Patton. “The building’s central location and proximity to a strong labor force allows companies to meet the demands of today’s workplace with a user-friendly experience at an extremely favorable occupancy cost relative to the Atlanta MSA.”
ICM has partnered with Lincoln Property Southeast (Lincoln) for the property management and leasing of Jefferson Plaza to deliver the best service and tenant experience possible. As a leading commercial real estate firm in Atlanta, Lincoln leases and manages millions of square feet of quality office space throughout the metro area. “We look forward to working with ICM to bring in great tenants to Jefferson Plaza and provide best-in-class service to both new and existing tenants,” said Lincoln’s Shane Froman. Lincoln’s Matt Davis handles leasing for Jefferson Plaza.
About ICM Group
Founded in 2003, ICM Group is a fully integrated international real estate investment firm that focuses on the U.S. and Canadian commercial real estate markets. From its offices in Calgary, Atlanta, San Francisco, Minneapolis and Munich, ICM’s core objective is to provide institutional and high net worth clients with customized services in the areas of Property Management, Asset/Portfolio Management, and International Investment Solutions. ICM has a proven track record with all investment-property types and has extensive experience in structuring and managing cross-border investment vehicles, including, real estate investment funds, private placements, and real estate syndications.