Lincoln Property Company Southeast has negotiated a full-building lease to Spaces at 1372 Peachtree in Midtown Atlanta. Lincoln Executive Vice President Michael Howell, Executive Vice President Hunter Henritze and Vice President Caroline Fisher handled leasing on behalf of the landlord.
Spaces offers dynamic office rental options, including coworking space, virtual workspaces and communal breakout areas. The company signed a 38,451-square-foot lease, set to occupy the entire building.
“We’re excited to close this deal with Spaces and bring flexible workspace to 1372 Peachtree. In the heart of Midtown, the modern environment of 1372 Peachtree is the ideal coworking location for companies seeking a flexible alternative to long-term office space within Atlanta’s most desired submarket,” said Lincoln’s Henritze.
The three-story, Class-A office building is strategically located at the intersection of Peachtree Street and 17th Street. This prime location provides unparalleled accessibility and walkability to the surrounding community, boasting an 84 Walk Score just minutes from amenities including Colony Square, Midtown Arts District and the Arts Center MARTA Station. More than $7.5 million worth of improvements have been made at the building by the landlord.
According to a Q4 2022 research report from Lincoln, Midtown Atlanta’s office market ended last year as the strongest performing Atlanta submarket, with 844,500 square feet absorbed in 2022. The momentum continues into Q1 of this year, with 1,393,428 square feet of construction currently underway in Midtown.
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 measurable 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.