Although there has been no pre-leasing, the developers recall asister building, Oakview I, also a spec venture, was 85% leasedwhen it opened in April of this year. Class A rental rates in NorthFulton, 25 miles north of Downtown Atlanta, average $21.90 per sf,according to Richard Bowers & Co.'s midyear office marketreport. J.P. Morgan acquired the 150-acre Sanctuary Park in 1997 aspart of a 13-building portfolio transaction with GE Real EstateEquities and American Resurgens Management Corp.
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