Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-CMD Realty Investors of Chicago has brought its 85,152-sf building in NorthChase Office Park to 93% occupancy after signing a three-year, 26,104-sf renewal lease with Power Industry Consultants Inc. of suburban Marietta, GA. The lease is valued at over $1 million, CMD representatives tell GlobeSt.com.

The 15-year-old property at 1165 NorthChase houses nine tenants. The average asking rent range is $17.50 gross per sf. Power Industry Consultants had been on a five-year lease.

Tom Pugh of Ackerman & Co. negotiated for the tenant. Steven Katz and Gwen Wegman of Ackerman represented CMD, working with Allen Aldridge, CMD’s vice president and Southeast regional manager.

Aldridge says the property’s location sells itself. NorthChase Office Park is two miles north of the Interstate 75 and Interstate 285 interchange. The building offers on-site conference facilities; a parking ratio of 4.6 spaces per 1,000 sf leased; landscaped grounds with picnic areas; a pond and walking trails.

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


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.