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Avison Young + Station Press Release

12/4/2020

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For Immediate Release                           
Monday, December 7, 2020
 
Avison Young Atlanta Partners with Greenleaf Management to Lease Multi-Tenant Office Park Totaling 110,000 SF in Norcross
The Station features nine office buildings with renovated executive suites, loft office space, flexible terms, direct parking access and more
 
Atlanta – Avison Young Atlanta has partnered with Greenleaf Management to lease The Station, a 110,172 square foot multi-tenant office park located at 3081-3091 Holcomb Bridge Road and 6015-6075 Atlantic Boulevard in Norcross. Avison Young Senior Associate Chris Godfrey was lead broker on the deal.
The property, which is in a qualified Federal Opportunity Zone and less than one-half mile from Holcomb Bridge/Peachtree Parkway’s retail hub, features nine buildings that occupy 10.64 acres and is within walking distance of historic downtown Norcross.
Built in 1984, Greenleaf Management purchased the property in March of 2019 and immediately began extensive interior and exterior design upgrades, including board and batten-like exteriors, new windows, doors and the creation of loft office space often sought by creative companies. The property is pet-friendly and offers a variety of amenities, including a natural serene setting, nature trail, curbside parking for direct walk-up access and flexible space options ranging from ~200 SF to more than 7,000 SF. The property was designed with enhanced safety features in mind, including individual exterior access doors for all offices with little to no common areas. The Station sits directly off of Peachtree Industrial near Holcomb Bridge Road giving tenants easy access to GA-141 and I-285. Click here to view photos of the newly-renovated spaces.
“This property is attractive on so many levels,” said Chris Godfrey, Senior Associate – Avison Young. “As a result of COVID-19, more companies are looking for smaller suburban office options closer to home, without large parking decks and elevators. The Station fits the bill. The unparalleled access to downtown Norcross, as well as nearby retail and restaurant options, is beneficial, but the location within an OZ creates tax benefits for new tenants that are unbeatable,” added Godfrey.
“The Station is an excellent location for start-up and established businesses looking for affordable and flexible office leases,” said William Corbin - Economic Development Director, City of Norcross. “Having worked with Avison Young on past projects, I’m confident that they have the expertise and local knowledge to successfully market this property to the various small and medium-sized businesses that represent the heartbeat and backbone of our economy,” he added.
 
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.
 
www.avisonyoung.com
 
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For more information:

  • Carter Brown, communications 21 on behalf of Avison Young: +1.404.814.1330
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Durham NC Vetrans Clinic acquired by Greenleaf

8/11/2020

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Greenleaf, an Atlanta based Real Estate Investment Firm, acquired the 26,000 square foot medical facility in downtown Durham, NC that is occupied by the Veteran Affairs Clinic. 

Brett Siegel led the acquisition for Greenleaf and facilitated financing with FNB Bank.  Greenleaf plans to continue stable operations of the complex, while improving features that further enable energy efficiency.  
Greenleaf is excited to enter the Durham market and is continuing to seek expansion opportunities in the medical, office and apartment spaces.


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Lupton, Patten and Southern Express: Three historic downtown Chattanooga structures are renovation neighbors

4/1/2020

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The Lupton Building will become office space with open floor plans, kitchens on each floor and lockers and showers in the basement. Greenleaf will invest about $5 million in the renovation — and reap the benefits of buying and renovating in an Opportunity Zone that offers capital gains tax breaks to investors.

"We won't have capital gains tax on the building when we sell it, as long as we hold it 10 years," Codrea said.
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Financial incentives are an important way to attract investors willing to take on the challenges of bringing old buildings back to life, Gray said.
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Greenleaf acquires historic Lupton Building

11/21/2019

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Greenleaf, an Atlanta based Real Estate Investment Firm acquired the Lupton Building, located in the downtown Innovation District of Chattanooga. The 55,000 building is adjacent to Miller Park, Warehouse Row and the Edney Innovation Center.

​This is Greenleaf's 6th office acquisition of 2019, and brings their total square feet acquired in 2019 to over 350,000. The building will undergo a full renovation to bring it back to its original design, with tall windows, exposed timber and hard wood floors throughout . The project is slated for completion in early 2021.
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