News

JPMorgan Chase & Co. inked a lease to expand by 40k SF at Monach Tower, a 26-story office building at 3424 Peachtree Road in Buckhead owned by Highwoods Properties, sources familiar with the transaction tell Bisnow. Click the button below to read more!

As an industrial corridor grows in northwest Georgia, a vast stretch of rural land is catching the eyes of dozens of developers and even state officials. Georgia’s Department of Natural Resources and The Aubrey Corp. are in active negotiations over selling 14,100 acres to the state, said Jim Ramseur, a partner at Lee & Associates, which is marketing the land for the owner. The site is now leased to the state for the Pine Log Wildlife…

February 7, 2023 (Atlanta, Georgia) – Lee & Associates – Atlanta is pleased to announce that Murray Gray, Joseph Mullican and Connor Winkler have all accepted invitations to become Partners of the firm and have therefore been promoted to Executive VP | Principal.   Founding Partner, T. Richard Bryant, notes, “To be invited into the partnership, one must meet production requirements as well as leadership requirements. Since joining the firm, in addition to meeting those…

For the first time since the beginning of the COVID pandemic, market fundamentals reflect that the expansion phase of the most recent development cycle is coming to an end. Capital market constraints, costs of construction, and uncertainty of future tenant demand are all factors in the development slowdown. Many of the nation’s leading banks have ceased construction loans for new projects and many equity players are on the sideline until there is clarity on exit…

A mixed-use district could form on thousands of acres of land in an area of northwest Georgia poised for rapid job growth. The Aubrey Corp. envisions 16,500 acres between U.S. 411 and Ga. 20 in Bartow County becoming a residential, commercial and industrial hub with greenspace, according to a Developments of Regional Impact filing. The DRI program allows state planning officials to give feedback on proposals large enough to stress local infrastructure in a community….

January 25th, 2023 (Atlanta, GA): Lee & Associates – Atlanta is excited to announce the promotion of Cori Nuttall, CCIM to Principal. Ms. Nuttall began her career in 2018 with Lee Charleston, specializing in office & corporate services. Cori then joined Lee Atlanta in 2021. Since joining, Cori has made quite a name for herself in the Atlanta CRE industry, completing over $23M in transaction volume in 2022 alone. Most recently, Cori was recognized for…

While demand for industrial space continues to prosper throughout Atlanta, there was a slight slowdown in Atlanta’s industrial market in Q4 2022. Vacancies have risen slightly off of record lows reached in late 2021, ending Q4 2022 with a 30 basis point jump to 4%. While demand and leasing velocity remain strong, rising vacancy and availability should provide relief for new and expanding Atlanta area tenants. The metro’s development pipeline continues to thrive, ending Q4…

The Atlanta office market experienced some highs and lows in the final quarter of 2022. Vacancy ended Q4 at 18.5%, a 50 basis point decrease from the previous quarter. Net absorption, while not as robust as quarters past, was in the positive thanks to major tenant move-ins from Emory Healthcare (112,000 SF) and Novelis (89,553 SF) in the Northlake and Buckhead submarkets. However, as developers pushed forward with new groundbreakings at 4.6M SF actively under…