Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire 2 Sun (“Property”), a 98,563 square foot Class A suburban office building located in the Peachtree Corners submarket of Atlanta. Currently 85% leased, the Property has experienced significant leasing activity over recent months solidifying tenant demand during the COVID-19 pandemic. Built in 1999 and renovated in 2018, 2 Sun sits on 9.7 acres providing an above market parking ratio of 6.2 / 1,000 RSF. In addition to excellent parking, the large site creates an opportunity to add further value to the Property through the development of excess land.
2 Sun is situated in the heart of the Tech Park Peachtree Corners submarket with proximity to the area’s main thoroughfare, Peachtree Pkwy, providing excellent access to the submarket’s two main amenity hubs – The Forum and Peachtree Corners Town Center, as well as the greater Atlanta metro region. The immediate area is undergoing a transformation into a vibrant and rapidly redeveloped close-in suburban community with the completion of Peachtree Corners Town Center and additional multi family and retail development within the submarket. In addition to the Property’s excellent location, the in-place tenancy offers diversification across numerous industries including technology, business services, law and engineering mitigating risk to any one industry and creating a secure cash flow. Additionally, the recent renovation and capital expenditures by Ownership lowers capital cost risk over the projected hold period.
- COVID-19 Leasing Velocity with 100% Rent Collections
- Considerable Recent Capital Improvements
- Excess Land Development Potential
- Dynamic Location & Accessibility
- Growing Amenity Base & Corridor
- Peachtree Corners & Suburban Resurgence
- Favorable Demographics