X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Atlanta-based Pope & Land is seeking a buyer for its NorthWinds office development of six six-story buildings totaling 882,157 sf. The class A assets are in the 258-acre NorthWinds mixed-use development in Alpharetta, a hot market about 25 miles north of Atlanta.

The developer/owner will sell the six NorthWinds office buildings and the NorthWinds Towers development venture as a package or as two separate deals.

The first building was completed in February 1997 and the sixth will open in September. Five of the buildings are fully leased and the sixth is approaching 100% occupancy, according to Bullock, Terrell & Manley, which is handling the sale.

Tenants include American Express, A.G. Edwards, Fireman’s Fund, Siebel Systems and WorldCom. Rental rates for class A office space at NorthWinds are in the $22.50 range.

Pope & Land is looking for a partner to develop phase I of NorthWinds Towers, an 11-story, 262,393-sf office building at a prime corner of Lanes Bridge Road and Ga. 400. The project is the first of a planned complex of about 1.26 million sf in three buildings and a hotel.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.