Lincoln Property Company Southeast (Lincoln) today announced it has been awarded the management and leasing assignment for 3400 Overton Park Drive, a 172,756-square-foot, Class-AA office building located in the Cumberland/Galleria submarket of Atlanta. Property management will be led by Senior Portfolio Manager Tom Laverty and overseen by Vice President Shane Froman on behalf of the owner, Innovatus Capital Partners, LLC (“Innovatus”) an independent adviser and portfolio management firm with approximately $1.6 billion in assets under managment. Senior Vice President Hunter Henritze, Senior Vice President Michael Howell and Senior Leasing Associate Caroline Fisher will oversee leasing of the building.
Prominently located at the southeast corner of the I-75 and I-285 interchange in the heart of Cumberland/Galleria, 3400 Overton Park Drive offers unrivaled access and visibility. SunTrust Park, The Battery, Cobb Energy Performing Arts Centre and a variety of retailers and amenities are located within the immediate area. “The acquisition of 3400 Overton is another example of identifying best in class real estate in a growing micro-submarket with growth potential through further lease up of vacancy. We are excited to expand our working relationship with Lincoln”, said Bradley Seiden Innovatus Managing Director – Real Estate – suburban office and multi-family.
The vision for 3400 Overton Park Drive is to house high-end, top-talent companies, positioning tenants for success in the rapidly growing Cumberland/Galleria submarket. The building is currently 80 percent leased to a distinguished roster of investment grade tenants, including Synovus Financial Corp and McGriff, Seibels, & Williams, Inc., both nationally recognized corporations that have made long-term commitments to the property.
“Atlanta’s depth of talent and thriving economy makes it a corporate relocation magnet,” said Lincoln’s Henritze. “Cobb County continues to draw growing numbers of those businesses as a result of recent infrastructure investments and low cost of doing business. With proximity to many of Cobb County’s largest economic drivers, 3400 Overton Park Drive offers an unbeatable opportunity for businesses to thrive in a submarket with tremendous financial stability and benefit from a state-of-the-art, newly constructed, Class-AA office space.”
Built in 2017, the seven-story, all-glass office building spans a site area of 6.87 acres and is one of the first new from-the-ground-up office buildings in Atlanta since 2008. With striking architectural design, large and efficient floor plates, soaring ceiling heights and outstanding, unobstructed panoramic views, 3400 Overton Park Drive exemplifies state-of-the-art construction. The property features a modern lobby, fitness center, bank branch, upscale café, grab and go coffee bar, indoor/outdoor WiFi, covered parking and an open and collaborative courtyard overlooking the Chattahoochee National Forest. An upscale, 140-key hotel is planned by Intercontinental Hotels Group on the adjacent site, scheduled to deliver in 2019.
About Innovatus Capital Partners, LLC
Innovatus adheres to an investment strategy that identifies distressed, disruptive and growth opportunities in the less obvious market segments across multiple asset categories with a unifying theme of capital preservation, income generation, and upside optionality. The firm has a dedicated team of real estate investment professionals with deep experience in commercial real estate acquisitions, recapitalizations and asset management across core-plus and opportunistic real estate investments amongst all property types including office, retail, hotel, medical, industrial and warehouse. Innovatus and its principals have significant real estate experience with ventures that range from the creation of a CMBS lending group and servicing platform to making equity investments in developments and single asset purchases. Further information can be found at innovatuscp.com.
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.
