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ATLANTA-One year after buying an empty office building, Panattoni Development Co. Inc. is declaring its retrofit of Park Summit a success. The four-story building at 2675 Breckenridge Blvd. in suburban Duluth is now approaching 90% occupancy, according to its landlord.

“This is a very good example of our corporate goal to own and develop office properties,” says Greg Kindred, Panattoni’s senior development manager in Atlanta. “We believe we can be very successful in seeking out value-added and challenging projects.”

Among the building’s new tenants is Armstrong Garden Centers, which signed a lease for 8,800 sf in May to establish a regional headquarters. The California-based company acquired Pike Family Nurseries in March, including 14 locations in the metropolitan Atlanta area and one in Charlotte, NC.

Other notable tenants at Park Summit include Universal Avionics, Nth Degree and Lloyd Professional Group. CB Richard Ellis represented Panattoni in lease negotiations, while tenant representatives included GVA Advantis, NAI Brannen Goddard and Dan Granot & Co.

Park Summit was built in 1986 and has 86,000 sf just east of Interstate 85. Sacramento, CA-based Panattoni, which is known more for its industrial properties, bought the office building last year for an undisclosed price.

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