Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-The class A, 1.5-milion-sf, 20-year-old Northpark Town Center in Atlanta’s Central Perimeter submarket will have a new leasing/management team Jan. 1.

That’s when the local division of Trammell Crow Co. takes over from Carter & Associates-ONCOR in a deal Crow made with property owner Simpson Housing Limited Partnershp (SHLP) of Denver after Crow offered to relocate its 100-person regional office staff to Northpark in early 2003, area brokers tell GlobeSt.com.

Crow is taking about 25,000 sf on a single floor in an estimated 10-year-lease, say the brokers. The average quoted rent at Northpark is in the mid-$20s, Steve Moddelmog of Trammell Crow tells GlobeSt.com.

“Their decision to relocate their Atlanta offices to the project will bring 100 or so Trammell Crow employees, as well as their real estate clients, to Northpark every day,” Don Mabry, SHLP’s senior vice president, says in a prepared statement from Crow.

“We had the job for six years,” Carter senior vice president George McKinney tells GlobeSt.com. He doesn’t feel the changeover was due to Carter’s performance. McKinney says Northpark’s occupancy is about 65%.

Among Northpark’s blue-ribbon roster of tenants are American International Cos., Oracle Corp., Motorola, Merrill Lynch, PaineWebber, Ford Motor Co., Apple Computer, General Electric Capital Corp., Sony Music Entertainment, Morgan Keegan, Pharmacia & Upjohn, Fidelity Investments and Neuberger & Berman.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.