521 Fifth Avenue
521 Fifth Avenue, New York, NY, 10175, US
46 675 mètres carrés
Descriptif
The Institutional Capital Markets Group of Jones Lang LaSalle, Inc. (JLL) is pleased to present the exclusive opportunity to acquire Northpark, a best-in-class, three-building office portfolio totaling approximately 1.5 million square feet within the Central Perimeter, Atlanta’s largest submarket. Northpark presents a rare opportunity to acquire a premier, institutionally maintained office campus with robust value-add potential.
The portfolio is currently 75% leased, supported by a blue-chip and investment-grade tenant roster, with a weighted average lease term of 5 years. Over the past twelve months, Northpark has executed just under 400K square feet of leasing activity, with 80% of recent activity represented by investment-grade or Fortune 500 companies. Most notably, AT&T signed in Q1 2026 for 166K square feet, boasting the largest lease across Atlanta this year. Ownership has demonstrated a commitment to the asset through a comprehensive $42 million capital improvement program over the past five years, modernizing building systems, enhancing amenities, and investing in basic building improvements. Northpark’s central, highly amenitized location offers unparalleled access and visibility, placing tenants at the center of Central Perimeter’s ongoing walkable, mixed-use transformation.
This combination of existing tenancy, institutional ownership, and ability to drive occupancy ensures Northpark is poised for secure income and compelling future value creation.
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Attributs
Nombre de bâtiments
3
Superficie du bâtiment nette
143 026 mètres carrés
Occupation
75 %
Année de construction
1998
WAULT
5 années
Média
Points forts de l'investissement
- 3-Building institutional office portfolio in Central Perimeter, Atlanta's largest submarket.
- Institutionally developed and owned with $42M in capital improvements over the last 5 years.
- 75% leased with blue-chip tenancy - 70% of the rent roll boasts investment grade credit.
- Record setting leasing momentum with just under 400K SF of leasing activity over in the last 12 months.
- Highly amenitized location with an active park environment.
- Center of Central Perimeter's densification with a projected 40% population increase in a 1-mile radius projected by 2030.
- Strong cash returns with stable cash flow & immediate value-creation potential.
- Offered as a portfolio with the potential to acquire either the 400 building or buildings 500/600 separately.
Contactez les courtiers
Northpark (0 Propriétés)
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Dernière mise à jour
May 28, 2026
