Lincoln Property Co. Southeast has landed the exclusive leasing and management assignment for Great Oaks Center, a three-building office park totaling 158,000 square feet in Alpharetta, Ga. The property was recently acquired by Brightman-Gil, a privately-owned real estate investment management firm.
RENOVATIONS UNDERWAY Located at 11540 Great Oaks Way in Atlanta’s North Fulton submarket, the single-story buildings were completed in 1999. The new owner has commenced a series of upgrades, including the creation of an outdoor amenity area, as well as a fitness center with showers and lockers.
Lincoln Property Company Southeast (Lincoln) has been awarded the leasing and management assignment for Great Oaks Center in Alpharetta, part of the North Fulton submarket of Atlanta. Michael Howell, Hunter Henritze and Caroline Cole of Lincoln are handling the leasing for the new ownership group Brightman-Gil.
Great Oaks Center is a best-in-class, three-building single-story office park, which totals 158,000 rentable square feet. Situated in a prime North Fulton location with close proximity to nearby amenities, including the renowned Avalon development and immediate access to GA 400, Great Oaks Center is appealing to companies both large and small. Great Oaks Center offers above standard tenant finishes and high ceilings. Additionally, the new ownership has commenced a number of renovations, including the creation of an outdoor amenity area as well as a fitness center with showers and lockers for the use of its tenants. Great Oaks Center is also walking distance to the Alpharetta Greenway.
Cushman & Wakefield’s Atlanta Equity, Debt & Structured Finance Group has arranged a joint venture equity recapitalization for a three-property, 567-unit FortCap Partners’ multifamily portfolio in Atlanta, consisting of The Clarion Apartments in Decatur, Gables Apartments in Peachtree City and Magnolia at Whitlock in Marietta.
Cushman & Wakefield’s Mike Ryan, Telly Fathaly, Jeff Walker, and Brian Linnihan represented FortCap Partners. The portfolio includes 567 units, with an average vintage of 1983. The Cushman & Wakefield team secured a mix of domestic and international private equity to complete the recapitalization of the assets. Federal Capital Partners of Chevy Chase, MD, provided equity for The Clarion and Magnolia at Whitlock and Brightman-Gil Investment Management of Tel Aviv provided equity for Gables Apartments.