ATLANTA – Lincoln Property Company Southeast (Lincoln) has brokered United Acceptance’s renewal and expansion of its lease at 2400 Lake Park Drive in Smyrna, Ga.
United Acceptance, which services car loans, expanded its space by 2,221 square feet and now occupies 21,663 square feet in the building.
Michael Howell, vice president of office leasing for Lincoln, and Jeff Henson, a senior associate in the firm’s Office Leasing Group, represented the landlord, OA Development, in the transaction. John O'Neill, senior managing director at Cushman & Wakefield, represented the tenant.
“Coupled with some other recent transactions at the building,this renewal brings 2400 Lake Park Drive to nearly 80percentleased thanks to a little bit of luck and a lot of hard work,” said Michael Howell, vice president of office leasing for Lincoln. “With the help of improving market fundamentals and some planned capital improvements at the building,we expect to have the asset stabilized sooner rather than later.”
The 104,457-square-foot 2400 Lake Park Drive is near interstates 75 and 285 as well as the numerous restaurants, hotels and banks located in the Cumberland Mall area. The property features an on-site conference room, a common-area break room and attractive landscaping.
Lincoln provides leasing services for OA Development’s metro Atlanta office portfolio, which totals more than 900,000 square feet. The portfolio also includes Bluegrass Promenade in Alpharetta, Lakeview 400 in Alpharetta, Northwoods Business Center in Norcross, Peachtree Corners Technology Center in Norcross, Phoenix Business Park in College Park and Royal Phoenix Business Park in College Park.
Dallas-based Lincoln Property Company is one of the nation's largest diversified commercial real estate companies, employing over 6,000 people. Since its inception in 1965, Lincoln has developed over 34 million square feet of commercial office space, over 6 million square feet of specialty retail space and 49 million square feet of industrial space. Also a leader in owned and fee management, Lincoln currently manages over 145 million square feet of commercial property. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to http://blog.lpcsoutheast.com.