Download - Brookside I & II
BROOKSIDE I & II
2 EQUUS
PRESENTATION OBJECTIVES
Marketing Strategies
North Fulton Overview
Metro Atlanta Overview
EQUUS 3
METRO ATLANTAOVERVIEW
4 EQUUS
ATLANTA MARKET OVERVIEWAtlanta Aerial Map
Marietta
Sandy Springs
Roswell
Alpharetta
Johns Creek
ATLANTA
HollySpringsCartersville
Emerson
Alatoona
Kennesaw
Hiram
Mableton
Smyrna
Vinings
East Cobb
Milton
Suwanee
duluth
NorcrossLawrenceville
grayson
SnelvilleTuckerBrookhaven
Redan
Lithonia
Conyers
Loganvile
Decatur
east point
College Park
union City
Fairburn
campbellton
douglasville
palmetto
Tyrone
Peachtree City
fayettville
jonesboro
riverdaleMorrow
Stockbridge
McDonough
BracksvilleOla
Newman
Buford
PowderSprings
Lakeview STates
chattahoocheehills
285
285
575
985
285
285
285
20
20
20
85
85
85
85
75
75
75
675
10
29
140
23
19
92
120
78
70
154
65
29
34
7054
41
155
Harstfield-JacksonAtlanta International Airport
NORTHWESTATLANTA
NORTHFULTON
NORTHEASTATLANTA
CENTRALPERIMETER
NORTHLAKEBUCKHEAD
MIDTOWN
DOWNTOWN
WEST ATLANTA
SOUTH ATLANTA
Atlanta is divided like a “clock” by the major interstates and highways
I-75: Northwest to Southeast through CBD
I-85: Northeast to Southwest through CBD
I-20: East and West though CBD
GA-400: Generating in Buckhead, running North to northern suburbs
I-285: encompasses the CBD and surrounding markets
Atlanta’s major submarkets (Downtown, Midtown, Buckhead, Central Perimenter, North Fulton) located through the central corridor
EQUUS 5
Marietta
Sandy Springs
Roswell
Alpharetta
Johns Creek
ATLANTA
HollySpringsCartersville
Emerson
Alatoona
Kennesaw
Hiram
Mableton
Smyrna
Vinings
East Cobb
Milton
Suwanee
duluth
NorcrossLawrenceville
grayson
SnelvilleTuckerBrookhaven
Redan
Lithonia
Loganvile
Decatur
east point
douglasville
Buford
PowderSprings
Lakeview STates
285
285
575
985
285
285
20
20
85
85
85
75
75
10
29
140
23
19
92
120
78
70
154
65
NORTHWESTATLANTA
NORTHFULTON
NORTHEASTATLANTA
CENTRALPERIMETER
BUCKHEAD
MIDTOWN
DOWNTOWN
49,216,230 RSF Vacancy: 12.5%
YoY Change: -2.40%
36,238,044 RSF Vacancy: 13.8%
YoY Change: -2.70%
39,336,350 RSF Vacancy: 16.70%
YoY Change: -0.50%
34,192,248 RSF Vacancy: 13.30%
YoY Change: -1.30%
22,969,309 RSF Vacancy: 13.40%
YoY Change: -2.80%
24,716,403 RSF Vacancy: 15.20%
YoY Change: -3.00%
36,248,078 RSF Vacancy: 12.40%
YoY Change: no change
ATLANTA MARKET OVERVIEWSubmarket Statistics
6 EQUUS
1Q 2Q 3Q 4Q
Hi-Rez Studios (50 jobs)
Wells Lighting (200 jobs)
Applied Systems (150 jobs)
ITC Security Partners (90 jobs)
Varian Medical Systems (100 jobs)
Vista Window Company (50 jobs)
WebstaurantStore (150 jobs)
Caesarstone (130 jobs)
Comcast (300 jobs)
Caterpillar (50 jobs)
Choice Wood, Inc. (50 jobs)
Tyson Foods (500 jobs)
Makrukan (15 jobs)
Osmose Utilities (100 jobs)
e_solutions (140 jobs)
Linde + Wiemann (200 jobs)
Sage (400 jobs)
NIFCO KTW (200 jobs)
Curion (100 jobs)
Thompson & Thwaite (20 jobs)
MI Metals (100 jobs)
GEIGER Automotive (120 jobs)
Kaiser Permanente (900 jobs)
Sandler AG (140 jobs)
Boeing (200 jobs)
Suniva (500 jobs)
Vanguard Nat’l Trailer (400 jobs)
Kodak (240 jobs)
CSM Bakery SOlutions (120 jobs)
GeoDigital Int., Inc. (50 jobs)
National Beef (200 jobs)
Stefanini (400 jobs)
First Quality (115 jobs)
VXI (570 jobs)
Jindal FIlms (240 jobs)
Constellium (150 jobs)
Emory University (50 jobs)
Aspen Aerogels (100 jobs)
Incomm (275 jobs)
Linzer Products (200 jobs)
Alcon (550 jobs)
2015 CORPORATE RELOCATIONand Expansion Announcements
EQUUS 7
ATLANTA JOB GROWTHis Back
Atlanta
2013 - 2015 Average Annual Employment Growth
Dallas
Miami
Houston
Los Angeles
US
New York
Philadelphia
Washington DC
Chicago
Boston
0.0% 0.5% 1.0% 1.5% 2.0% 3.0%
2.9%
2.2%
2.2%
2.2%
2.2%
2.0%
1.8%
1.4%
1.3%
1.1%
0.7%
2.5%
8 EQUUS
EQUUS 9
NORTH FULTONOverview
10 EQUUS
NORTH FULTON CLASS A OFFICE PARKSOccupancy and Quoted Rates
Old Milton Pkwy
Hay
nes B
ridge
Rd
North Point Pkwy
Mansell Rd
Wes
tsid
e Pk
wy
Windward Pkwy
ROYAL 400Occ.: 79%
QR: $19.50-$25.00
PRESTON RIDGEOcc.: 91%
QR: $23.00-$26.00PARKWAY 400
Occ.: 80%QR: $25.00
MANSELL OVERLOOKOcc.: 93%
QR: $25.00
GA 400Occ.: 88%
QR: $26.00
NORTHWINDSOcc.: 83%
QR: $26.00
OPUS WOODSOcc.: 100%
QR: N/A
WINDWARDOcc.: 94%
QR: $19.25-$23.75
DEERFIELDOcc.: 88%
QR: $22.50-$24.50
MILTON PARKOcc.: 81%
QR: $25.50
MANSELL RIDGEOcc.: 78%
QR: $20.25 -$24.50
NORTH POINTOcc.: 96%
QR: $25.67
SANCTUARY PARKOcc.: 97%
QR: $23.00-$27.00
Wes
tside
Pkwy
BROOKSIDEOcc.: 84%
QR: $20.00-$24.50
EQUUS 11
Old Milton Pkwy
Hay
nes B
ridge
Rd
North Point Pkwy
Mansell Rd
Wes
tsid
e Pk
wy
Windward Pkwy
ROYAL 400Occ.: 79%
QR: $19.50-$25
PRESTON RIDGEOcc.: 91%
QR: $23-$26PARKWAY 400
Occ.: QR:
MANSELL OVERLOOKOcc.: 93%
QR: $25
GA 400Occ.: 88%
QR: $26
NORTHWINDSOcc.: 83%
QR: $26
OPUS WOODSOcc.: 100%
QR: N/A
WINDWARDOcc.: 94%
QR: $19.25-$23.75
DEERFIELDOcc.: 88%
QR: $22.50-$24.50
MILTON PARKOcc.: 81%
QR: $25.50
MANSELL RIDGEOcc.: 78%
QR: $20.25 -$24.50
NORTH POINTOcc.: 96%
QR: $25.67
SANCTUARY PARKOcc.: 97%
QR: $23-$27
Wes
tside
Pkwy
NORTH FULTON MICRO MARKETLocation Trends
BROOKSIDEOcc.: 84%
QR: $20-$24.50
A+ A
BA+
A B-
12 EQUUS
MARKET OVERVIEWNorth Fulton vs. Atlanta Metro
Year End 2015 ATLANTA NORTH FULTON TOTAL MARKET
NORTH FULTON CLASS A MARKET
SQUARE FEET 210,242,832 24,853,951 14,387,277
VACANCY 14.6% 13.3% 12.2%
NET ABSORPTION 1,048,832 134,106 63,497
YTD NET ABSORPTION 4,010,950 883,311 794,924
YTD DELIVERIES 206,818 52,000 0
UNDER CONSTRUCTION 1,618,092 0 0
RENTAL RATES $21.74 $20.74 $22.75
* Source: CoStar
EQUUS 13
MAJOR EMPLOYERSNorth Fulton
COMPANY BUSINESS SFKimberly-Clark
Corporation Health & Hygiene Products 500,000
Equifax Credit Bureau 440,000
Ciba Vision Optical Instruments 425,000
McKesson Provider Technologies
Healthcare Information Systems 400,000
AT&T Wireless Cell Phone Communications 375,000
Fiserv Financial Services Technologies 350,000
State Farm Insurance Insurance Agents/Brokers/Services 320,000
Verizon Cell Phone Communications 250,000
UPS Supply Chain Solutions Freight Transportation 250,000
Choice Point Information Technology 210,000
GE Consumer Finance Computer Processing & Date Preparation 200,000
Automatic Data Processing (ADP)
Professional Employer Organization 200,000
North American Mission Board
Non-Profit Religious Organization 180,000
Federated Department Stores
Data Systems for Retail Merchandiser 175,000
IBM Corporation Computers, Equipment & Software 175,000
Arris International Communications Equipment 145,000
COMPANY BUSINESS SF
Ryder System Truck Rental & Leasing 135,000
Alltel Business Credit Institution 130,000
AIG Agency Auto Insurance Agents/Brokers/Services 130,000
Verint Systems Technology Services 130,000
Siemens Energy & Automation 120,000
Hewlett-Packard Computers, Equipments & Software 120,000
CompBenefits Corporation Healthcare Benefits 115,000
Infor Global Solutions Business Software Consulting 110,000
Comcast Cable, Phone, Internet Provider 110,000
Radiant Systems Electronic Equipment 105,000
Travelers Property Casualty Insurance 100,000
World Financial Group Financial Institution/Advisor 100,000
Ace American Insurance Insurance 100,000
Witness Systems Technology & Software 100,000
Northside/Alpharetta Medical Campus
Specialty Outpatient Facilities 100,000
Lucent Technologies Telecommunications Equipment 75,000
14 EQUUS
Building Name Rentable Building Area Total Available Space Max Building Contiguous Space
Avg Rent-Direct (Office)
Stonebridge I 143,496 104,806 240,000 $27.00
Stonebridge II 143,705 143,705 240,000 $27.00
Northwinds Seven 148,622 148,622 148,622 $26.00
Radiant II 80,314 80,314 80,314 $22.00
Georgia 400 Center I 145,949 71,759 66,759 $26.00
Preston Ridge I 147,028 61,643 46,296 $23.50
Royal Center IV 308,101 92,024 55,404 $25.50
Mansell Overlook 100 163,000 45,646 42,053 $25.00
CLASS A BIG BLOCKS OF SPACENorth Fulton
EQUUS 15
Total 2012 2013 2014 2015Rent $19.93 $19.98 $21.75 $23.87 TI $10.09 $10.78 $12.02 $12.10 Abatements 4.11 3.59 3.94 3.73 Term 59.13 53.62 60.36 53.81
TI 2012 2013 2014 2015New $11.75 $13.44 $16.98 $15.86 Renewal $6.25 $4.58 $4.86 $6.50 Expansion $14.88 $15.22 $14.01 $18.17
Abatements 2012 2013 2014 2015New 3.63 4.31 4.20 4.63 Renewal 4.18 4.14 3.36 3.46 Expansion 4.33 3.00 4.28 2.43
Term 2012 2013 2014 2015New 53.71 55.19 58.73 58.31 Renewal 57.21 45.00 50.71 47.08 Expansion 68.44 60.86 77.56 65.17
Rent 2012 2013 2014 2015New $19.48 $19.78 $21.58 $23.97 Renewal $20.42 $19.88 $22.54 $23.90 Expansion $19.75 $20.01 $21.01 $23.93
2012 # Deals SF LeasedTotal New Deals 12 135,845 Total Renewals 14 119,238 Total Expansions 9 90,751 Totals 35 345,834
2014 # Deals SF LeasedTotal New Deals 15 85,221 Total Renewals 14 152,959 Total Expansions 9 180,514 Totals 38 418,694
2015 # Deals SF LeasedTotal New Deals 16 81,365 Total Renewals 13 87,013 Total Expansions 8 61,369 Totals 37 229,747
2013 # Deals SF LeasedTotal New Deals 16 113,196 Total Renewals 13 71,731 Total Expansions 11 119,974 Totals 40 304,901
NORTH FULTON CLASS A DEAL STATISTICSLPC Transactions 2012 - 2015
16 EQUUS
NORTH FULTON CLASS ARecent Lease Comps
BUILDING RSF TENANT TYPE QUARTER TERM RATE ESC TIA FREE RENT
Three Northwinds 3,126 Windward Specialty New 4Q 2015 65 $25.00 3.00% $25.00 5
Preston Ridge IV 8,043 Confidential Renew 1Q 2016 39 $25.50 3.00% $5.00 3
Preston Ridge IV 7,256 Confidential New 1Q 2016 36 $25.00 3.00% $7.50 0
Three Northwinds 6,084 Edgewater Renew 4Q 2015 56 $24.50 3.00% $10.00 4
Brookside Two 3,250 Dwell Design Expansion 1Q 2016 48 $24.50 3.00% $20.00 0
One Northwinds 6,514 CBIZ New 4Q 2015 65 $25.00 3.00% $20.00 5
Three Northwinds 2,670 OC Tanner New 4Q 2015 64 $25.50 3.00% $20.00 4
600 Northwinds 5,060 Muscle Up Marketing New 1Q 2016 84 $26.00 3.00% $35.00 5
600 Northwinds 5,961 Imedex Renew 1Q 2016 72 $26.00 3.00% $5.60 0
400 Northwinds 1,812 Maxwell Reddick Associates New 1Q 2016 51 $25.50 3.00% $8.50 3
200 Milton Park 7,433 Principal Senior Living Expansion 2Q 2016 77 $25.00 3.00% $25.00 2
Oak View I 29,956 Promethean Renew 4Q 2015 40 $23.50 3.00% $1.50 4
Lake View II 7,151 The Nielsen Company (US), LLC New 4Q 2015 65 $22.00 3.00% $8.00 0
Lake View II 16,199 Emerald Expositions, LLC New 3Q 2015 80 $22.00 3.00% $8.00 0
Lake View II 5,390 Rare Medium Renew 2Q 2015 36 $23.00 3.00% $0.00 0
The Falls 3,162 Opsolve, LLC New 2Q 2015 87 $25.50 3.00% $45.00 3
Oak View III 4,728 AGRO Merchants North America Holdings New 1Q 2016 65 $23.00 3.00% $4.00 5
The Falls 4,088 E&J Gallo Renew 4Q 2015 67 $25.50 3.00% $30.00 7
Lake View II 4,375 Wendy's Renew 4Q 2015 65 $23.50 3.00% $34.00 1
Lake View I 2,297 Working Media Group New 4Q 2015 65 $23.75 3.00% $18.00 5
Lake View II 10,349 Americredit Financial Services, Inc. New 4Q 2015 65 $22.75 3.00% $25.00 5
Lake View I 2,261 Global Water Management, LLC New 3Q 2015 65 $24.50 3.00% $29.00 2
Oak View I 10,621 Safeway - renewal Renew 1Q 2016 64 $25.00 3.00% $8.00 4
Lake View I 38,218 AMEC Renew 1Q 2016 65 $24.50 3.00% $10.00 5
Oak View III 19,628 Ciena Renew 1Q 2015 36 $24.14 3.00% $5.00 0
Totals 215,632 60.88 $24.21 3.00% $16.28 2.88
EQUUS 17
20,000 SF 40,000 SF
15,000 SF
100,000 SF
25,000 SF
50,000 SF
25,000 SF
NORTH FULTONTenants in the Market
18 EQUUS
EQUUS 19
MARKETINGSTRATEGIES
20 EQUUS
SPEC SUITESFly-Through Video
EQUUS 21
PLACES TO PLAYThe New Age Tenants Wants
Bocce Ball Biking Trails Putting Green
22 EQUUS
SPECSuites
EQUUS 23
LEASINGSigns
24 EQUUS
MARKETINGPresence
EQUUS 25
BROCHURE & FLYERDesign
26 EQUUS
EMAILCampaigns
EQUUS 27
ELECTRONICFlyer
28 EQUUS
DIRECT MAILCampaigns
EQUUS 29
PROFFESIONALPhotography
30 EQUUS
PROPERTYVideo
EQUUS 31
PROPERTYWebsite
3405 Piedmont Rd NE,Suite 450Atlanta, GA 30341
404.266.7600
www.lpcsoutheast.com