Lincoln Property Company Southeast (Lincoln) has been hired to sell Southlake Professional Plaza office building in Morrow, Georgia. Chip Sipple and Denton Shamburger of Lincoln are representing the owner, TAZ Anderson Realty Company.
Southlake Professional Plaza is located at 1368 Southlake Plaza Drive in the North Clayton/Airport submarket of Atlanta. The 39,260-square foot, Class B, single-story office property is currently 100-percent leased to seven tenants and has demonstrated strong leasing activity in the past 18 months.
“With all of Southlake Professional Plaza’s recent leasing success, this property provides investors with the opportunity of realizing positive cash flow with a stable tenant base. With below market in-place rents, a new investor will be able to harvest increasing rental rates with the overall improving market upon tenant rollover,” said Lincoln’s Sipple.
Southlake Professional Plaza is strategically located in a rapidly improving Atlanta office market, with high visibility and quick access to Interstate 75 and Southlake Plaza Drive. This property also boasts an impressive amenity base, as it is near Southlake Mall, Porsche Cars North America headquarters, Hartsfield Jackson International Airport and a host of shopping, dining and other options along Jonesboro Road. The property has recently undergone capital improvements to the parking lot and exterior of the property and offers ample parking space for tenants and their visitors.
“Given the visibility, amenity base and overall position of the property, we believe this opportunity will present itself extremely well to the investment community,” said Lincoln’s Shamburger.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 250 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com.