TownPark Commons

The Capital Markets Group of Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in TownPark Commons (“The Property”), a stabilized and walkable suburban office park that continuously boasts the highest park occupancy and rates in the submarket. With 349,592 square feet on 21.4 acres, TownPark Commons encompasses 4 buildings built between 1997-1998 with a current overall occupancy of 96% and 4 years of WALT. The property was institutionally developed by Taylor & Mathis and has been institutionally owned and maintained since inception. Strategically located in the intersection of I-75 and I-575, TownPark Commons provides easy access to the area’s high-end neighborhoods and the greater Atlanta MSA, as well as ample tenant parking. With retail developments Village at Town Park and Madison Place at Chastain just steps away, the location creates a unique duality of suburban convenience and a walkable mixed-use environment.

Through its 22 tenants, TownPark Commons offers stability and surety of cash flow with a diversified rent roll, long-tenured anchor tenants, and robust leasing velocity throughout the park. Further, The Kennesaw / Town Center submarket is one of the tightest and historically stable office submarkets in metro Atlanta, currently 91% occupied with the highest 12 Mo. Absorption of any submarket in the Atlanta MSA. With a strong and stabilized rent roll within unique suburban mixed-use environment, TownPark Commons is positioned to remain the top asset in the submarket, offering a compelling and risk-adverse opportunity for future ownership.