Atlanta

Building owner TerraCap invested more than $40 per square foot in each suite to construct high-end spaces well differentiated from the competition.

This acquisition brings Bridge's year-to-date total to nearly 4 million square feet of office space closed.

The acquisition represents the firm's broader suburban investment strategy.

“Park Place provides a rare opportunity to own in one of metro Atlanta's most exclusive and high-barrier suburbs,” says Cushman & Wakefield's Nathan Swenson.

“The building offers a great mix of office and warehouse space and presented an excellent opportunity for this buyer,” says Jeff Henson of Lincoln Property.

“With this property situated in the heart of the state's largest college town, space at Georgia Heights will always be in demand."

“The nature of work is changing; today's employees require flexibility and inspiration within their workday routines,” says Mark Vollbrecht, principal for ZRG.

In our exclusive audio interview, NKF's research director Marianne Skorupski says rising office vacancy rates could be a sign that the expansion mode has ended, or at least is taking a breather.